https://www.taxtmi.com/news?id=72899 A parliamentary finance panel expressed concern over large-scale investment in virtual digital assets such as cryptocurrency and supported continuation of tax on such digital transactions. The discussion focused on the absence of a specific regulatory law in India, differing international approaches to regulation or prohibition, and the need to examine stakeholder views before recommending a future course of action. Cryptocurrency transactions are already subject to income tax and GST, including a 30 per cent income tax on gains, a 1 per cent TDS on certain payments, and tax treatment of gifts. en-us Wed, 20 May 2026 20:31:03 +0530 Wed, 20 May 2026 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72899 A parliamentary finance panel expressed concern over large-scale investment in virtual digital assets such as cryptocurrency and supported continuation of tax on such digital transactions. The discussion focused on the absence of a specific regulatory law in India, differing international approaches to regulation or prohibition, and the need to examine stakeholder views before recommending a future course of action. Cryptocurrency transactions are already subject to income tax and GST, including a 30 per cent income tax on gains, a 1 per cent TDS on certain payments, and tax treatment of gifts. News - Wed, 20 May 2026 20:31:03 +0530 https://www.taxtmi.com/news?id=72899