Indian government adds cryptocurrency to tax law

According to the December 4 news, Indian Indians who trade or invest in cryptocurrencies on the Indian platform may attract the attention of tax authorities, and Indians who hold foreign cryptocurrencies may be overseen by tax authorities. . The government plans to review current revenues and expand regulation, including terms such as cryptocurrency, in future budgets. According to people familiar with the matter, the government hopes to benefit from the cryptocurrency and investment from India and abroad. The federal government is considering amending section 26A of the Income and Annual Income Information Act (AIR), which will disclose information on all investments made by investors, taxpayers and often referred to as "taxpayers." As a source familiar with the matter said, “It is advisable to add terms such as cryptocurrency, cryptocurrency or digital currencies to some of the legal income. This means that the taxpayer should be able to increase its capital or company. China. "(EconomyTimes.IndiaTimes)