The Rajya Sabha, India’s upper house of parliament, is now debating India’s Finance Bill 2022, which includes a proposed 30% tax on crypto revenue. Sushil Kumar Modi, a member of Parliament, asked the government on Monday to raise the tax rate on cryptocurrency revenue from 30% to 40%. He declares: “I would like to request
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The Lok Sabha, India’s lower house of parliament, passed Finance Bill 2022 on Friday, which includes a plan to tax cryptocurrency revenue at 30% and levy a 1% tax deducted at source (TDS) on every transaction. The 1% TDS will be implemented on July 1st, whereas the 30% income tax will be implemented on April
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The role of Indian billionaire Evan Luthra on the Alfprotocol advisory board has been strengthened. Luthra’s financial initiative Startup Studio Online invests in fast-growing technologies. Luthra has established and invested in over 300 firms in a variety of industries over the last five years. Food technology, travel, fintech, nightlife, food and beverage, lifestyle, artificial intelligence,
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As education providers increase up services for the booming industry, India’s top schools are seeing a surge in demand for custom-made blockchain courses. The majority of existing courses, which range from general overviews to in-depth discussions on blockchain technology. Then, and cryptocurrency trading, are available to full-time students or on public platforms. In her recent
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According to a recent press release, the Advertising Standards Council of India (ASCI) issued the recommendations after significant consultation with stakeholders, including the government. The standards would apply to all virtual digital asset-related commercials released on or after April 1, according to the notice. The ASCI had highlighted that VDA advertising, which it also referred
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Banks are unsure how the Reserve Bank of India (RBI) will react to any comments they make about supporting cryptocurrency trade in India. Banks also said, on the condition of anonymity, that any easing would be contingent on RBI recommendations, which they are awaiting. Despite recent legal advancements, Indian banks are still reticent to provide
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