https://www.taxtmi.com/article/detailed?id=14924 Income from transfers of Virtual Digital Assets is taxed under a flat regime allowing only cost of acquisition as a deduction and disallowing set off or carry forward of VDA losses; purchasers must deduct TDS on transfers above thresholds, while platform services such as trading, custody and staking attract standard rate GST, requiring platforms to register and file returns, producing layered taxation and specific reporting and record keeping obligations. en-us Tue, 05 Aug 2025 07:54:51 +0530 Tue, 05 Aug 2025 07:54:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14924 Income from transfers of Virtual Digital Assets is taxed under a flat regime allowing only cost of acquisition as a deduction and disallowing set off or carry forward of VDA losses; purchasers must deduct TDS on transfers above thresholds, while platform services such as trading, custody and staking attract standard rate GST, requiring platforms to register and file returns, producing layered taxation and specific reporting and record keeping obligations. Articles Income Tax Tue, 05 Aug 2025 07:54:51 +0530 https://www.taxtmi.com/article/detailed?id=14924