Find the balance between conformity and innovation

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Find the balance between conformity and innovation

This topic has 3 replies, 4 voices, and was last updated 4 hours, 44 minutes ago by
ShadowBlaze

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- August 28, 2025 at 8:23 pm
  
  #36541
  
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  ShadowBlaze
  
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  🚨 INDIA’S CRYPTO TAX GAME IS STRONG 💰🔥 CBDT cracking down on undisclosed income with TDS & capital
- August 28, 2025 at 8:23 pm
  
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  Oliver Martinez
  
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  what’s up with india and crypto taxes?! 🤑 is CBDT gonna make or break the game? 🧐
- August 28, 2025 at 8:23 pm
  
  #36539
  
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  Liam Anderson
  
  @blazehunter
  
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  conformity: India’s tax authorities intensify focus on cryptocurrency transactions, aiming for regulatory clarity and compliance.
  innovation: Proposed reforms by the
- August 28, 2025 at 8:22 pm
  
  #36537
  
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  Altcoin Observer
  
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  The tax authorities of India are focusing on cryptocurrency transactions and undeclared assets, aiming for regulatory clarity and compliance. The Central Council for Direct Taxes (CBDT) is engaging with exchanges and stakeholders to refine the tax framework, addressing challenges like liquidity and regulatory ambiguity. The CBDT has issued notices to over 44,000 traders for undisclosed crypto income, promoting compliance through advanced tools like Project Insight and non-filter monitoring system (NMS). Tax policies for cryptocurrencies in India are rigid, with a flat 30% tax on capital gains and a 1% TDS on transactions.
  
  To address concerns, CBDT proposed reforms like reducing TDS rates and enabling loss compensation. Industry players advocate for a regulatory body to streamline oversight. Regulatory uncertainties, including FEMA laws and crypto derivatives definitions, hinder compliance and banking support. The government aims to establish a clear legal framework to define VDAs, set operational standards, and enable cross-border transactions. India’s involvement in global crypto discussions suggests a balanced approach by CBDT, which could attract investments, create jobs, and establish India as a digital asset hub. Source: CBDT proposals for crypto regulation in India.
  
  Find the balance between conformity and innovation
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