Cryptocurreny

Ignoring a crypto tax notice can lead to reassessment, penalties or even prosecution in some cases. Timely reconciliation of records and responding within the prescribed deadline can help investors avoid unnecessary tax disputes.

From selecting the correct ITR form to maintaining transaction records across exchanges and wallets, investors with crypto holdings need to pay close attention to disclosures to avoid notices and ensure smooth tax filing.

With title sponsor Delta Exchange, the event drew a strong response from traders, investors, developers, and crypto fans, showing the growing interest in digital assets and blockchain innovation in India.

With increasing digital asset use, custody is vital for security and operational integrity. A trend towards third-party custody is expected to mitigate risks, transforming custody from a backend function to a fundamental aspect of digital asset management.

Ray Dalio asserts that gold is superior to Bitcoin due to its immunity from government control and potential risks associated with Bitcoin, including interference and monitoring. He recommends a 5-15% allocation to gold, expressing concerns about stablecoins and the volatility of fiat currencies.

The government reported a TDS collection of ₹5.12 billion on cryptocurrency transactions for 2024-25, a 41% rise from ₹3.63 billion in FY24. Full details here.