Bitcoin profits even before VDA rules to be treated as capital gains
The New Indian Express Tirupati|December 17, 2024
IN a first of its kind legal dispute over taxation of bitcoins, the Jodhpur Income Tax Appellate Tribunal (ITAT) has ruled that gains for sale of bitcoins even before the introduction of virtual digital asset (VDA) regime in 2020 should be treated as capital gains for the purpose of taxation.
ENS ECONOMIC BUREAU @ New Delhi

The ITAT order says that even though Bitcoin is intangible, it qualifies as a capital asset since it grants ownership rights and can be bought, sold, or transferred.

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The New Indian Express Tirupati

BPCL signs loan agreement worth ₹31,802 crore

BHARAT Petroleum Corporation Limited (BPCL) has signed a loan agreement worth ₹31,802 crore with a consortium of six lenders led by the State Bank of India.

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1 min  |
January 18, 2025
The New Indian Express Tirupati

SpaDex docking a step towards Indian space station by '35: Singh

UNION minister Jitendra Singh said on Friday that an Indian space station would be established by 2035 and the successful docking of satellites through SpaDex is a major breakthrough in that direction.

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1 min  |
January 18, 2025
The New Indian Express Tirupati

CM to take part in NTR death anniv at Mydukur

CHIEF Minister N Chandrababu Naidu is scheduled to visit Mydukur on Saturday to take part in several programmes.

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1 min  |
January 18, 2025
The New Indian Express Tirupati

Coach backs Sindhu to regain form

PV SINDHU was at sea in the early stages of her women's singles match on Friday. Gregoria Mariska Tunjung, the shuttler on the rise in the last 12 months or so, was just the opposite and made the Indian dance to her tunes in front of a sizeable home crowd here at the KD Jadhav Indoor Hall here.

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2 mins  |
January 18, 2025
The New Indian Express Tirupati

MFs Asked To Disclose Info Ratio

SEBI has asked asset management companies (AMCs) to disclose their information ratio, which is used to measure risk-adjusted returns of mutual fund schemes, on their websites on a daily basis for equity-oriented schemes.

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1 min  |
January 18, 2025
The New Indian Express Tirupati

Man kills wife over property dispute at Tadipatri

In a tragic incident, a 40-year-old man fatally stabbed his wife with a sickle over a property dispute in Tadipatri of Anantapur district on Friday.

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1 min  |
January 18, 2025
The New Indian Express Tirupati

No action for returning to mainstream, cops tell Arunachal armed group

ARUNACHAL Pradesh police on Friday appealed to the members of a newly-floated armed group to return to the mainstream, assuring that no legal action will be taken against them if they do so on their own accord.

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1 min  |
January 18, 2025
The New Indian Express Tirupati

Ration dealer test: TDP MLC, former MLC involved in dispute

TDP MLC Bhumireddy Ramgopal Reddy's faction and former MLC BTech Ravi's group were allegedly involved in a dispute in Pulivendula on Friday.

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1 min  |
January 18, 2025
The New Indian Express Tirupati

Swachh Diwas Programme to Begin in Kurnool District Today

KURNOOL District Collector G Rajakumari has announced the district-wide implementation of the 'Swachh Andhra, Swachh Diwas' programme on January 18, following the Chief Minister's directive.

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1 min  |
January 18, 2025
The New Indian Express Tirupati

Imran, his wife sentenced to 14 and 7 years in graft case

ISLAMABAD

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1 min  |
January 18, 2025