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Taxmann Taxation of Virtual Digital Assets

Original price was: ₹250.Current price is: ₹200.

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Taxmann Taxation of Virtual Digital Assets

This one-of-a-kind book provides a complete analysis (from an Income-tax & GST perspective) of the new scheme of taxation of Virtual Digital Assets (VDAs), which includes cryptocurrencies and non-fungible tokens (NFTs).

Taxation of Virtual Digital Assets

Original price was: ₹250.Current price is: ₹200.

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    Taxmann Taxation of Virtual Digital Assets Description

    This one-of-a-kind book provides a complete analysis (from an Income-tax & GST perspective) of the new scheme of taxation of Virtual Digital Assets (VDAs), which includes Cryptocurrencies and Non-fungible Tokens (NFTs).

    This book helps the reader to understand the following:

    • Basic Concepts & Ecosystem of VDAs
    • Difference between the New & the Old Scheme of taxation of VDAs
    • GST Implications on VDAs
    • Current Tax Challenges

    This book also explains the essential taxonomy of the following:

    • Crypto Assets
    • NFTs
    • Blockchain Technology
    • Distributed Ledger Technology
    • Airdrop
    • Mining, etc.

    The Present Publication is the First Edition, authored by Taxmann’s Editorial Board. This book is amended by the Finance Act 2022 and addresses the following critical issues w.r.t. to VDAs:

    • All foreign currencies have been kept out of the meaning of VDA. Why Bitcoin is a VDA even if El Salvador has adopted Bitcoin as its official currency?
    • How to determine the situs of VDA for taxability in the hands of a non-resident?
    • Head in which the income from transfer of VDA should be taxed?
    • How should the income from the lending of cryptocurrencies be taxed?
    • Whether mining of cryptocurrencies is a taxable event?
    • How to determine the cost of acquisition of mined cryptocurrencies?
    • Tax implications if VDAs are lost or stolen
    • How to determine the fair market value of VDAs?
    • Whether Section 87A rebate and maximum exemption limit allowed from income from VDAs?
    • Treatment of losses incurred from transfer of VDAs on or before 31-03-2022
    • How to compute the income from the transfer of VDA before 01-04-2022?
    • How to compute the TDS under Section 194S in case of an exchange of one VDA for another VDA?
    • Whether VDA is money, legal tender, or security?
    • Whether VDA is a good or service?
    • Whether services by foreign crypto exchanges are OIDAR services?

    The detailed contents of the book are as follows:

    • Concept of Virtual Digital Asset
    • Meaning of Virtual Digital Asset
    • Scheme of Taxation of Virtual Digital Asset on or after 1-4-2022
    • Transfer of Virtual Digital Asset without or for inadequate consideration on or after 1-4-2022
    • Deduction of tax at source under Section 194S
    • Scheme of taxation of Virtual Digital Asset before 1-4-2022
    • Taxability of cryptocurrency under the GST law

    Taxmann Taxation of Virtual Digital Assets

    Publisher

    Language

    Authors

    Binding Type

    Edition

    Date of Publication