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Today's article we will discuss around FEMA and Authorised Dealers (also known as ADs). What is the meaning of Authorised Dealers? What are their roles and responsibilities? What are the different categories of ADs? and so on and so forth. In Foreign Exchange Management Act,…
Last year during the Financial Budget of 2022, India introduced crypto taxation for the first time and brought all cryptocurrencies under the definition of virtual digital assets (VDAs). During the current budget, there was no changes about crypto but some new amendments were later discovered…
In India, the tax rules for cryptocurrencies are still evolving. However, as of 2022, the Indian tax department has issued guidelines stating that cryptocurrencies are to be treated as capital assets and are subject to capital gains tax. This means that starting from Financial Year…