Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details

Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details

ByNews Polite

#news #newstoday #tech #technews #latestnews #techupdates #newsupdates Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025 to the Lok Sabha on February 13. With this new bill, the finance ministry has provided more clarity to define what constitutes the sector of ‘virtual digital assets (VDAs)’ in the country….

South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset Market 

South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset Market 

ByNews Polite

#news #newstoday #tech #technews #latestnews #techupdates #newsupdates South Korea is collaborating with various internal authorities to develop its Web3 market. In a recent move, the Financial Services Commission (FSC) unveiled a roadmap to gradually integrate local corporations into the VDA market, which primarily consists of cryptocurrencies. Looking ahead, South Korea…

India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report

India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report

ByNews Polite

India should consider lowering the 1 percent TDS on cryptocurrency trade as a high rate is causing a flight of capital and users to platforms in foreign jurisdictions and the grey market, a report said on Tuesday. The ‘Impact Assessment of 1 percent TDS on VDAs’ report by Chase India…