• About
  • Advertise
  • Privacy & Policy
  • Contact
Rashtra Times
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World

    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

    Altigreen unveils experience centre in Surat

    Altigreen unveils experience centre in Surat

    Samsung to Launch New Foldable Phones on August 10; Customers Can Pre-Reserve the Next Galaxy at Just Rs 1,999

    Samsung to Launch New Foldable Phones on August 10; Customers Can Pre-Reserve the Next Galaxy at Just Rs 1,999

    Samsung Unveils Galaxy S21 FE 5G in India at Effective Price of INR 49999

    Samsung Unveils Galaxy S21 FE 5G in India at Effective Price of INR 49999

    Samsung ‘Big TV’ Festival is Back on Popular DemandThis New Year; Get Free Soundbar, Galaxy Tab, Attractive Cashback&More

    Samsung ‘Big TV’ Festival is Back on Popular DemandThis New Year; Get Free Soundbar, Galaxy Tab, Attractive Cashback&More

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    • Television

    Abhishek Aggarwal makes India proud at the Cannes red-carpet

    Toon into the madness – The Giant Wheel Festival is back in your city

    Toon into the madness – The Giant Wheel Festival is back in your city

    A Full-Circle Moment: Atlee to Receive Honorary Doctorate from Sathyabama University

    A Full-Circle Moment: Atlee to Receive Honorary Doctorate from Sathyabama University

    A Story of Memory, Mystery, and Madness : BHRAM

    A Story of Memory, Mystery, and Madness : BHRAM

    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    Vakyam Studios to Launch “Script to Screen” Filmmaking Workshop on June 7, 2025, Led by Director Dhruv Goswami

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

    CELEBRATE AND REKINDLE YOUR LOVE WITH THE LEELA PALACES HOTELS AND RESORTS

    CELEBRATE AND REKINDLE YOUR LOVE WITH THE LEELA PALACES HOTELS AND RESORTS

    Upcoming events in Melbourne, Victoria

    Upcoming events in Melbourne, Victoria

    Aliens Tattoo Launches its First Ever Studio in Surat

    Aliens Tattoo Launches its First Ever Studio in Surat

    Marron Burger a Unique Fast food Format opens door at Bapunagar, Ahmedabad

    Marron Burger a Unique Fast food Format opens door at Bapunagar, Ahmedabad

    DHI India Partners with Dermet launch the first DHI hair transplant and hair restoration clinic in Ahmedabad

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    ETIHAD AIRWAYS LAUNCHES GLOBAL SALE

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World

    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

    Altigreen unveils experience centre in Surat

    Altigreen unveils experience centre in Surat

    Samsung to Launch New Foldable Phones on August 10; Customers Can Pre-Reserve the Next Galaxy at Just Rs 1,999

    Samsung to Launch New Foldable Phones on August 10; Customers Can Pre-Reserve the Next Galaxy at Just Rs 1,999

    Samsung Unveils Galaxy S21 FE 5G in India at Effective Price of INR 49999

    Samsung Unveils Galaxy S21 FE 5G in India at Effective Price of INR 49999

    Samsung ‘Big TV’ Festival is Back on Popular DemandThis New Year; Get Free Soundbar, Galaxy Tab, Attractive Cashback&More

    Samsung ‘Big TV’ Festival is Back on Popular DemandThis New Year; Get Free Soundbar, Galaxy Tab, Attractive Cashback&More

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    • Television

    Abhishek Aggarwal makes India proud at the Cannes red-carpet

    Toon into the madness – The Giant Wheel Festival is back in your city

    Toon into the madness – The Giant Wheel Festival is back in your city

    A Full-Circle Moment: Atlee to Receive Honorary Doctorate from Sathyabama University

    A Full-Circle Moment: Atlee to Receive Honorary Doctorate from Sathyabama University

    A Story of Memory, Mystery, and Madness : BHRAM

    A Story of Memory, Mystery, and Madness : BHRAM

    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    Vakyam Studios to Launch “Script to Screen” Filmmaking Workshop on June 7, 2025, Led by Director Dhruv Goswami

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

    CELEBRATE AND REKINDLE YOUR LOVE WITH THE LEELA PALACES HOTELS AND RESORTS

    CELEBRATE AND REKINDLE YOUR LOVE WITH THE LEELA PALACES HOTELS AND RESORTS

    Upcoming events in Melbourne, Victoria

    Upcoming events in Melbourne, Victoria

    Aliens Tattoo Launches its First Ever Studio in Surat

    Aliens Tattoo Launches its First Ever Studio in Surat

    Marron Burger a Unique Fast food Format opens door at Bapunagar, Ahmedabad

    Marron Burger a Unique Fast food Format opens door at Bapunagar, Ahmedabad

    DHI India Partners with Dermet launch the first DHI hair transplant and hair restoration clinic in Ahmedabad

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    ETIHAD AIRWAYS LAUNCHES GLOBAL SALE

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
Rashtra Times
No Result
View All Result
Home Business

Tax cryptos at par with equity markets: Ashish Singhal, Co-founder and CEO, CoinSwitch

Rashtra Times by Rashtra Times
in Business, Investment
Reading Time: 2 mins read
0 0
A A
0

  • Despite the Finance Bill, the crypto industry sees space for reasonable changes in tax policy
  • Crypto assets are to public blockchains, what equities are to public companies. Taxes on crypto should therefore be at par with those in the equity markets
  • TDS is to provide a tax trail. A lower TDS can do so without driving users out of KYC-compliant platforms

User protection and tax compliance can co-exist. A lower TDS can provide the government with the required tax trail without locking up the users’ capital. A higher TDS does not increase tax compliance, instead, it could drive away users from KYC-compliant platforms to the grey market.

Crypto assets are not independent of the underlying blockchain network. Just like public companies have tradable assets offered to retail investors in the form of equity, public blockchains have tradable assets in the form of crypto assets.
The crypto market is driven by high-frequency traders, like intraday traders in equity markets. These traders operate on extremely thin margins, and locking up their capital with high TDS will restrict their ability to operate.

Further, a flat 30% tax that does not differentiate short-term capital gains from long-term gains, with no provision for deducting expenses incurred or offsetting losses is not in tune with the tax framework for other asset classes and is discriminatory.

The industry has also not yet received the clarifications it had sought on the implementation of tax proposals, and this ambiguity may result in operational obstacles. It is the need of the hour that the government issue these clarifications before the TDS comes into effect on July 1, 2022.

Such provisions are a deviation from other asset classes, and it is unfortunate that the Govt has taken this approach despite the Finance Bill defining cryptos as “virtual digital assets”.

A cohesive tax framework would encourage users to diversify their investments across asset classes, thereby promoting financial discipline. To further safeguard users, exchanges and platforms could be subjected to regulatory standards on operations, compliance and security. This will allow the industry to progress and crypto users to continue to benefit from their investments.

Indians have already invested more than $6 billion in cryptos, and prohibitive taxes are likely to unsettle these investors, expose them to possible losses, and possibly drive them out of an industry building the future of the internet in India — for Indians and the world — in pace with the government’s mission of Atmanirbhar Bharat.

 

Tags: Ashish SinghalAtmanirbhar BharatblockchainsbusinessCoinSwitchInsvestmentprohibitive taxestax complianceTax cryptosTDS
ADVERTISEMENT
Previous Post

Maestro of tabla world, Ustaad Taufiq Qureshi gifts his family’s heirloom instrument to flautist Anirban on COLORS’ ‘HunarbaazDesh Ki Shaan’!

Next Post

Sana Sayyad and Sehban Azim go an extra mile for their upcoming show on COLORS’, ‘Spy Bahu’!

Rashtra Times

Rashtra Times

Next Post
Sana Sayyad and Sehban Azim go an extra mile for their upcoming show on COLORS’, ‘Spy Bahu’!

Sana Sayyad and Sehban Azim go an extra mile for their upcoming show on COLORS’, ‘Spy Bahu’!

Stay Connected test

  • 139 Followers
  • 33k Followers
  • 194k Subscribers
  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

Gujarat’s famous “Patola by Nirmal Salvi” inaugurates his showroom in Mumbai”

March 8, 2022

Tejasswi Prakash as Pratha

February 15, 2022
“Kaashi Raaghav” Set to Release in January 2025, Showcasing the Complexity of Relationships and the Thrill of Love

“Kaashi Raaghav” Set to Release in January 2025, Showcasing the Complexity of Relationships and the Thrill of Love

December 2, 2024
Soft Launch of CSR 762 by Svitch Bike!

Soft Launch of CSR 762 by Svitch Bike!

November 22, 2021

Actress Ekta Jain to shine at Ahmedabad Fashion Week after Mumbai runway hits

0

Ducati launch: Lorenzo and Dovizioso’s Desmosedici

0

How couples can solve lighting disagreements for good

0

Doctors take inspiration from online dating to build organ transplant AI

0

Actress Ekta Jain to shine at Ahmedabad Fashion Week after Mumbai runway hits

May 30, 2025
Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

May 30, 2025
India’s Cranberry Craze: From Exotic Import to Everyday Superfruit

India’s Cranberry Craze: From Exotic Import to Everyday Superfruit

May 30, 2025
Attempt to Encroach Senior Citizen Woman’s Land: Serious Allegations Against Kailash Society

Attempt to Encroach Senior Citizen Woman’s Land: Serious Allegations Against Kailash Society

May 28, 2025

Recent News

Actress Ekta Jain to shine at Ahmedabad Fashion Week after Mumbai runway hits

May 30, 2025
Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

May 30, 2025
India’s Cranberry Craze: From Exotic Import to Everyday Superfruit

India’s Cranberry Craze: From Exotic Import to Everyday Superfruit

May 30, 2025
Attempt to Encroach Senior Citizen Woman’s Land: Serious Allegations Against Kailash Society

Attempt to Encroach Senior Citizen Woman’s Land: Serious Allegations Against Kailash Society

May 28, 2025

Rashtra Times

Follow Us

Browse by Category

  • Action
  • AD Patel Institute of Technology
  • ADIT
  • Adventure
  • Agriculture
  • Ahmedabad
  • Ahmedabad Litrature Festival
  • Amazon
  • Anand
  • Anand Pandit
  • App
  • Application
  • Apps
  • Art Gallery
  • Association
  • Auto
  • Automobile
  • Aviation
  • Award Function
  • BANK
  • Book Launch
  • Brand
  • brand ambassador
  • Business
  • Business
  • Campaign
  • car
  • Casino Gambling
  • Cat Show
  • Cinema
  • Colors
  • Commodity
  • COVID – 19
  • Cricket
  • Crime
  • CSR Activity
  • CSR Initiative
  • Culture
  • Cyber
  • dance
  • Day Celebration
  • Devotees
  • Digital
  • Dr Vishal Singh
  • E-Commerce
  • Education
  • Electric Vehicle
  • Electronic
  • Empowerment
  • Entertainment
  • Environment
  • Event
  • Exihibition
  • Farmer
  • Fashion
  • Fashion
  • Fear
  • Feature
  • Festival
  • Film
  • Film Festival
  • Film Industrie
  • Financial
  • Food
  • Food
  • Foundation
  • Gadget
  • Game
  • Gaming
  • Gaming
  • Gandhinagar
  • General
  • Global
  • Gold
  • Gujarat
  • Gujarat Tourism
  • Gujarati Film
  • Gujarati music
  • Health
  • Health
  • Health Care
  • Health Insurance
  • Heritage Art Show
  • Hospital
  • Hotel
  • Ice Cream
  • India
  • Initiative
  • Insurance
  • International
  • International Day
  • Interview
  • Investment
  • IPO
  • Jaipur
  • Jessu Jordaar
  • Jewellery
  • Legal
  • Life Insurance
  • Lifestyle
  • Marketing
  • MG Motor India
  • Mobile
  • Mother's Day
  • Movie
  • Mr. Ravi Mittal
  • Mrathi
  • Mumbai
  • Music
  • Music
  • National
  • Natural
  • News
  • News\
  • NGO
  • Nifty
  • NSe
  • Offer
  • Online Gaming
  • Online Shopping
  • Organization
  • OTT
  • Pharmaceutical
  • Political
  • Politics
  • Prestige Group
  • Product Launch
  • Production
  • Products
  • PRSI
  • Raid
  • Rakshabandhan
  • Real Estate
  • Realestate
  • Realestate
  • RELIGIOUS
  • Review
  • Sales
  • Samsung
  • School
  • Science
  • Serial
  • share market
  • Skill
  • smartphone
  • Social
  • Song
  • Song Launch
  • Spiritual
  • Sport
  • Sport Car
  • Sports
  • Sports
  • Startup
  • Startup
  • Store Launch
  • surat
  • Tech
  • Technology
  • Television
  • Theatre
  • Thriller
  • Trailer
  • Travel
  • Tree House
  • UN
  • Uncategorized
  • University
  • Vadodara
  • Valvoline Cummins
  • VIBRANIUM
  • Web
  • Web Series
  • Women & Children
  • women empowerment
  • World
  • World
  • World Health Day

Recent News

Actress Ekta Jain to shine at Ahmedabad Fashion Week after Mumbai runway hits

May 30, 2025
Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

May 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Rashtra Times - Designed by eMobitech | Consulted by Vision Raval | Hosted by Hosting Bull Branding by BrandPAPA.

No Result
View All Result

© 2020 Rashtra Times - Designed by eMobitech | Consulted by Vision Raval | Hosted by Hosting Bull Branding by BrandPAPA.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In