What’s the news? The Government has admitted that no real-time system exists to match tax returns with transaction data filed by cryptocurrency exchanges, and nor has it estimated how much revenue may be lost due to under-reporting of cryptocurrency transactions.
This development comes even as the Centre revealed that it collected over Rs 700 crore in taxes from cryptocurrency income in the 2022-23 and 2023-24 financial years.
Minister of State (MoS) for Finance Pankaj Chaudhary revealed this in a written reply in the Lok Sabha on July…
Source link
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We blogs.grocliq.com want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on for any glitch kindly connect at [email protected]
