Amazines Free Article Archive
www.amazines.com - Saturday, November 26, 2022
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133534)
 Advice (161587)
 Affiliate Programs (34788)
 Art and Culture (73843)
 Automotive (145688)
 Blogs (75481)
 Boating (9851)
 Books (17221)
 Buddhism (4129)
 Business (1330225)
 Business News (426438)
 Business Opportunities (366494)
 Camping (10971)
 Career (72786)
 Christianity (15846)
 Collecting (11639)
 Communication (115082)
 Computers (241935)
 Construction (38959)
 Consumer (49948)
 Cooking (17079)
 Copywriting (6732)
 Crafts (18205)
 Cuisine (7549)
 Current Affairs (20308)
 Dating (45903)
 EBooks (19702)
 E-Commerce (48250)
 Education (185418)
 Electronics (83519)
 Email (6439)
 Entertainment (159838)
 Environment (28927)
 Ezine (3040)
 Ezine Publishing (5452)
 Ezine Sites (1550)
 Family & Parenting (110951)
 Fashion & Cosmetics (196563)
 Female Entrepreneurs (11852)
 Feng Shui (133)
 Finance & Investment (310578)
 Fitness (106443)
 Food & Beverages (63015)
 Free Web Resources (7939)
 Gambling (30227)
 Gardening (25194)
 Government (10513)
 Health (629958)
 Hinduism (2206)
 Hobbies (44080)
 Home Business (91593)
 Home Improvement (251164)
 Home Repair (46221)
 Humor (4718)
 Import - Export (5456)
 Insurance (45104)
 Interior Design (29600)
 International Property (3488)
 Internet (191021)
 Internet Marketing (146681)
 Investment (22859)
 Islam (1161)
 Judaism (1352)
 Law (80464)
 Link Popularity (4596)
 Manufacturing (20905)
 Marketing (99288)
 MLM (14140)
 Motivation (18233)
 Music (26999)
 New to the Internet (9497)
 Non-Profit Organizations (4048)
 Online Shopping (129730)
 Organizing (7810)
 Party Ideas (11854)
 Pets (38098)
 Poetry (2229)
 Press Release (12687)
 Public Speaking (5641)
 Publishing (7565)
 Quotes (2407)
 Real Estate (126628)
 Recreation & Leisure (95468)
 Relationships (87654)
 Research (16181)
 Sales (80347)
 Science & Technology (110283)
 Search Engines (23509)
 Self Improvement (153286)
 Seniors (6218)
 Sexuality (35999)
 Small Business (49294)
 Software (83019)
 Spiritual (23485)
 Sports (116152)
 Tax (7662)
 Telecommuting (34073)
 Travel & Tourism (308206)
 UK Property Investment (3122)
 Video Games (13382)
 Web Traffic (11773)
 Website Design (56909)
 Website Promotion (36643)
 World News (1000+)
 Writing (35840)
Author Spotlight
NOEL IRELAND

You will feel a different sort of happiness as you associate yourself with any animal, you will be a...more
JIM TURNER

Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , business...more
MANMOHAN SINGH

Digital marketing professional with 8 years of experience. A good listner, Stratgist and fun loving ...more
GRAEME DIXON

About Octopus Intelligence We provide greater certainty with excellent global Commercial Compe...more
ALEN OWEN

I am an essay writer with vast experience in data analysis, PowerPoint writing and research paper ed...more


Income tax department may target crypto transactions by Anjali Devri





Article Author Biography
Income tax department may target crypto transactions by
Article Posted: 10/07/2021
Article Views: 310
Articles Written: 73
Word Count: 401
Article Votes: 0
AddThis Social Bookmark Button

Income tax department may target crypto transactions


 
Business,Law
Important news for Investors since it is believed that Income Tax Department may target cryptocurrency transactions in the near future. If cryptocurrency trades are subject to taxation, traders could have to include it in there the ITR Form. According to recent reports that there is a possibility that the Finance Ministry is considering taxing cryptocurrency income via trading and trading on crypto exchanges.

The sources say that even if this happens, however, the government is unlikely to declare cryptocurrency under an appropriate class position. This article focuses on the latest reports that suggest that The Income Tax Department may target cryptocurrency transactions.

International Crypto Exchanges might encounter GST rates of 18%

Indian banks had a problem with limiting the services of local crypto exchanges, so they shifted to foreign exchange markets.

In the aftermath, the Indirect Tax Department is investigating whether these exchanges be required to pay GST and also be registered for GST. The reason is that they also provide "data" services.

A number of experts have indicated that the services offered through such exchanges (trade-in cryptocurrency) provide online access to information databases as well as retrieval (OIDAR) services. Therefore, according to OIDAR regulations, any electronic or data service provided in the direction of Indian Citizens or anyone based in India is taxed.

The tax department could be a target for crypto transactions

The Chief Executive Officer of the WazirX cryptocurrency exchange says that a clarification of the tax on goods and services (GST) associated with cryptocurrency will aid in identifying the cryptocurrency asset class. In addition, he states that like other incomes, cryptocurrency profits can be taxed, and must be noted when filing ITR.

However, it isn't yet clear what GST applies to the number of coins acquired or transaction costs that are paid from the end-user. In this respect, the government could soon make a legislative decision that will clarify this issue.

RBI Governor on Concerns Over Crypto

RBI Governor Shaktikanta Das expresses deep concern about cryptocurrencies, such as Bitcoin (BTC). He says "We have expressed to the government our serious and substantial concerns regarding cryptocurrencies from the standpoint of financial stability."

You may read more about GST & Income Tax Department may target Crypto Transactions

Moreover, you require any kind of guidance related to the ITR Filing or GST Return Filing, please feel free to contact our business advisors at 8881-069-069.

Related Articles - #incometax, #itr, #incometaxreturnfiling, #itrfiling,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


MAX LIEW

I have a passion for graphics, photography, and website design. I worked as a graphic designer for a...more
TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
WILLIAM BUCHANAN

William Buchanan has worked in the fields of marketing, advertising, and marketing research for almo...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2022, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license