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TMI BlogDirect tax deducted at source from transfer of Virtual digital Assets aggregates to Rs. 157.9 crore upto 20th March 2023 for FY 2022-23X X X X Extracts X X X X X X X X Extracts X X X X ..... Direct tax deducted at source from transfer of Virtual digital Assets aggregates to Rs. 157.9 crore upto 20th March 2023 for FY 2022-23 X X X X Extracts X X X X X X X X Extracts X X X X ..... t tax collected by way of tax deducted at source under section 194S of the Income-tax Act, 1961, on payments made upon transfer of Virtual digital Assets (VDA), aggregates to Rs. 157.9 crore upto 20/0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3/2023 for FY 2022-23. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. The Minister stated that Crypto assets are c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urrently unregulated in the country, however, transactions in cryptocurrencies are subjected to provisions of various laws like the Prevention of Money Laundering Act, 2002 and Income-Tax Act, 1961. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Minister further stated that the Financial Stability Board states in its Consultative Document titled "Regulation, Supervision and Oversight of Crypto-Asset Activities and Markets," dated October ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11, 2022 that investment and activity in the crypto asset market is largely self-contained and is mostly for speculative purposes with limited connections to the real economy. X X X X Extracts X X X X X X X X Extracts X X X X ..... - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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