There is an outcry in the whole world including India regarding cryptocurrencies. TDS has been imposed in India from July 1.
An actionable claim is a claim which can be made by a creditor, for any type of debt other than a debt secured by mortgage of immovable property
There were also concerns over taper tantrum by the US Fed which led to some correction
Prices of both of these assets appreciate or depreciate based on demand and supply
Tax experts debate whether returns should be considered as capital gains or business income
Use of virtual currencies for payments may be banned, but may allow crypto asset trading
The central bank is for an outright ban, government wants some form of regulation
Small investors have moved to trading after office hours; most exchanges allow trading all day
Law experts have pointed out NFTs are derivatives of assets like a piece of art, but trading is allowed only in financial derivatives
The comment comes ahead of company’s Rs 18,300-crore IPO