• Latest
  • Trending
Few Transactions May Be Exempt From Cryptocurrency Tax, Bitcoin Falls

Few Transactions May Be Exempt From Cryptocurrency Tax, Bitcoin Falls

June 2, 2022
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

XRP, Shiba Inu, and More: Here are Top 6 Altcoins Priced Below $1 to Watch for Next Bull Run – The Crypto Basic

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Zodia Custody expands in Hong Kong, receives VASP in Ireland … – Tekedia

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Why Altcoins and Crypto Stocks Were Flying High Today – The Motley Fool

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Embracing the crypto evolution: Institutional adaptation and the … – Arabian Business

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Acala Spikes 5% on Binance's New Altcoin Pairs News — Can ACA … – CCN.com

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Bitcoin Spark, BNB, and Toncoin: Price Outlook in Upcoming Bull Run – CryptoPotato

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Crypto Price Today: Bitcoin holds $34,000; Ethereum slips below $1,800; most altcoins up – Business Today

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

The Next Bull Market Is Approaching: Sparking Opportunities For … – CryptoPotato

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Crypto Analyst Benjamin Cowen Says Fed Pivot and Altcoin Rallies Won’t Happen Until This Occurs – The Daily Hodl

October 29, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Litecoin Pronóstico del Precio: LTC insinúa una corrección del 15% si se cumplen estas condiciones clave – FXStreet

October 29, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Brazil's USDT adoption soars in 2023, makes up 80% of all crypto transactions – Cointelegraph

October 29, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Can Presales Like Scorpion Casino Token Match the Historic … – NewsWatch

October 29, 2023
Wednesday, July 2, 2025
EGROW ONLINE
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • ADA
  • Litecoin
  • Dogecoin
  • ICO
  • Ripple
  • Market & Analysis
  • Videos
No Result
View All Result
EGROW ONLINE
No Result
View All Result

Few Transactions May Be Exempt From Cryptocurrency Tax, Bitcoin Falls

by admin
June 2, 2022
in Cryptocurrency
0


The Ministry of Finance, Government of India, is expected to issue a notification about the crypto tax in June. Exemptions could include hospitals that use Blockchain technology, and reward points on digital bank cards. So far, the government has rejected calls to eliminate the 1 per cent TDS on crypto transactions, according to a report in The Economic Times.

Under the Finance Act, 2022, the Ministry of Finance had imposed a 30 per cent tax bracket on crypto transactions, as well as a 1 per cent TDS on transfers of digital assets.

The TDS, limited to Rs 50,000, has to be paid irrespective of profits or losses earned during crypto transactions, making it significant to be disclosed during filing of the annual income tax return. As per the new guidelines, cryptocurrency received as gifts will also be taxed just like any other asset.

Crypto Prices

The price of Bitcoin in the cryptocurrency market fell by 4.57 per cent in the last 24 hours, and it was trading at $30,110.42 at 5:30 pm IST. According to Coinmarketcap.com, its dominance in the crypto market is currently at 46.04 per cent, down by 0.19 per cent in the last 24 hours.

In the last 24 hours, Ethereum (ETH) was trading at $1,834.47, down by 5.17 per cent, while Binance Coin (BNB) decreased by 3.33 per cent during the same time period, and was trading at $304.85. Solana (SOL) was down by 8.10 per cent to $40.89, while Cardano (ADA) was down by 3.61 per cent to $0.5814. 

Meme Coins

Dogecoin was trading at $0.08208 on Coinmarketcap.com at 5:30 p.m. IST and was down by 5.63 per cent. Its rival, Shiba Inu, was down by 5.49 per cent, and it was trading at $0.00001111. Samoyedcoin was down by 1.47 per cent, and it was trading at $0.005638, while Dogelon Mars was down by 6.95 per cent, and it was trading at $0.0000004524.

Overall Scenario

According to Coinmarketcap.com, the global crypto market cap was at $1.25 trillion, a decrease of 4.09 per cent in the last 24 hours, while the total crypto market volume was $96.72 billion, an increase of 15.63 per cent.

Sweet SOL was the biggest gainer, gaining 2,993.69 per cent. It was trading at $0.00001175 at 5:30 pm IST, according to Coinmarketcap. In contrast, TrusterCoin witnessed the maximum loss and fell by 98.27 per cent. It was trading at $0.000000009987. 


 



Source link

YOU MAY ALSO LIKE

Brazil's USDT adoption soars in 2023, makes up 80% of all crypto transactions – Cointelegraph

Cryptocurrency and Terrorism: Wall Street Journal Corrects Funding … – TOKENPOST

Tags: BitcoinCryptocurrencyExemptFallstaxtransactions
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

XRP, Shiba Inu, and More: Here are Top 6 Altcoins Priced Below $1 to Watch for Next Bull Run – The Crypto Basic

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Zodia Custody expands in Hong Kong, receives VASP in Ireland … – Tekedia

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Why Altcoins and Crypto Stocks Were Flying High Today – The Motley Fool

October 30, 2023

Recent News

Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

XRP, Shiba Inu, and More: Here are Top 6 Altcoins Priced Below $1 to Watch for Next Bull Run – The Crypto Basic

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Zodia Custody expands in Hong Kong, receives VASP in Ireland … – Tekedia

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Why Altcoins and Crypto Stocks Were Flying High Today – The Motley Fool

October 30, 2023

Categories

  • ADA
  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple
  • Videos

Follow Us

Find Via Tags

Ada Altcoin altcoins analysis Analyst Analytics Big Binance Bitcoin Blockchain BNB BTC Buy Cardano Coin Cointelegraph Crypto cryptocurrencies Cryptocurrency Digital DOGE Dogecoin ETH Ethereum finance Heres Insight Inu investors Litecoin LTC market Network news Prediction price Ripple SEC Shiba Solana Today Token Top week XRP
  • privacy And Policy
  • About Us

© 2020 Egrow Online

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • ADA
  • Litecoin
  • Dogecoin
  • ICO
  • Ripple
  • Market & Analysis
  • Videos

© 2020 Egrow Online