When crypto exchanges deduct 1% TDS, it will be recorded as “consideration” on their books, say tax experts. This in turn would attract a 2% equalisation levy that is applicable on such a consideration.
(Reuters) -Shares in blockchain technology-focused firm BTCS Inc rocketed on Thursday, set to extend a four-day rally, as more retail investors scooped them up after the company last week offered
TORONTO, Nov. 18, 2021 (GLOBE NEWSWIRE) — US Financial 15 Split Corp (“US Financial 15”) declares its monthly distribution of $0.07083 for each…
The United States Binance is expected to close a funding round, raising a ‘couple hundred million’, Binance founder and CEO Changpeng Zhao said on Friday.
For new investors, cryptocurrency is the buzzword. As much as it is promising in terms of giving returns over a short time, it is also volatile and risky. The whole idea of cryptocurrency is based on a distributed ledger that stores information on every transaction or trade. Also, the trade is protected by high-grade cryptography….
Texas becomes the latest US state to adopt crypto and blockchain technology under its commercial law. Texas House Bills 1576 and 4474, passed in May by the state’s Congress and in June by Governor Greg Abbott, officially make crypto legal in Texas effective September 2021. House Bill 1576 focuses on the creation of a working […]
India had in 2020 expanded the scope of equalisation levy to cover ‘e-commerce supplies or services.
Nate Maddrey and the Coin Metrics research team notes that during the past two weeks, crypto was hit by a “double tsunami” of seemingly negative news.