Regulatory Characterisation of Virtual Digital Assets Under Indian Law
Executive Summary Virtual Digital Assets (VDAs) are subject to distinct taxation and reporting provisions under Indian law. However, classification ambiguity continues to influence compliance treatment, particularly for frequent traders and digital service providers. 1. Tax Treatment Framework Under Section 115BBH: This creates a non-traditional taxation model. 2. TDS Obligations Section 194S requires: Improper compliance may … Read more