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FAQ on taxation of crypto, virtual digital assets in works

by AIP Online Bureau | Apr 10, 2022 | Eco/Invest/Demography, Facts, Wealth Management/ Philanthropy

The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 per cent income tax plus cess and surcharges will be levied on such transactions in the same manner as the tax law treats winnings from horse races or...

Carbon-based taxation system to help OEMs commit more towards green tech: Lexus

by AIP Online Bureau | Mar 27, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

”We have seen in developed nations that carbon-based taxation has taken precedence over any other way to define vehicle taxation policies that we think solves many purposes,” Lexus India President Naveen Soni told PTI in an interaction A carbon-based...

Taxation of ULIP proceeds to create ‘level-playing field’ with MFs: I-T dept

by AIP Online Bureau | Jan 24, 2022 | Indian News, Life, Policy

The Central Board of Direct Taxes (CBDT), that frames policy for the income tax department, had on January 18 notified the rules stating the method of calculation of capital gains with regard to ULIPs with annual premium of more than Rs 2.5 lakh and subsequently...

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