You are here: Home >> English News & Features >> Business & Economy

No escaping taxation on income earned from cryptocurrency trading

DNMUM417972 | 7/11/2018 | Author : Jabeer KM | WC :560

Personal Finance

In April, the Reserve Bank of India had mandated that all financial institutions under its control must stop servicing cryptocurrency exchanges and other crypto-related businesses within three months. Giving them a deadline of July 6, the RBI has instructed banks to terminate their existing relationships with firms or individuals dealing in cryptocurrencies. Last week, this decision was backed by the Supreme Court of India that said that the RBI’s directive will remain implemented.
A number of investors had anticipated this move had exited their positions right after the RBI directive. These individuals will come under the tax bracket and will have to figure out the slab rate and do the needful. However, there are individuals who bel
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on Business & Economy

Personal finance is simple, don’t make it complicated
DNMUM418250 | 7/16/2018 12:00:00 AM | Author : Vivek Kaul | WC :679

Is your TV not working?” she asked. “The TV is fine. But I haven’t had a cable connection for more than a year now,” I replied. “But why?”“There was nothing to watch. Everything is available on the world wide web now.” “Oh,” she said. “I didn’t
Add To LightboxCalculate Price

Shoot it. Upload it. Claim it
DNMUM418251 | 7/16/2018 12:00:00 AM | Author : Priya Nair | WC :896

Mumbai: Getting your car or two-wheeler repaired after an accident can be cumbersome- so could getting the claim approved. The regular process of submitting the claim documents, to your insurance company, waiting for the inspection and getting
Add To LightboxCalculate Price

Three Indian cos board Airbus
DNMUM418256 | 7/16/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :339

Mumbai: Three Indian start-ups viz Stalae Technology, Eflight and Airpix have been identified by Airbus subsidiaries Navblue and Aerial to power cutting-edge technologies. As part of the signed contracts the start-ups, accelerated at Airbus Bizlab In
Add To LightboxCalculate Price

Why are we forced to eat toxic food?
DNMUM418257 | 7/16/2018 12:00:00 AM | Author : Anto T Joseph | WC :581

If you are a foodie, you may not want to read this.Food adulteration has become so rampant in India that there are high chances that what you eat today is dipped in or laced with noxious chemicals. Be it vegetables, fruits, milk, honey, f
Add To LightboxCalculate Price