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RUU KUHAP menjadi harapan rakyat agar tercipta kesetaraan Penyidik pidana
INDIAN GOVERNMENT TO PENALIZE UNDECLARED CRYPTO GAINS WITH UP TO 70% PENALTY
- The Indian government announces to impose penalties of up to 70% on undisclosed crypto gains.
Key Details:
- The announcement came through the Union Budget 2025, with Finance Minister Nirmala Sitharaman introducing a new amendment under Section 158B of the Income Tax Act.
- Crypto classified as Virtual Digital Assets (VDAs) will be treated like traditional assets, such as cash, jewelry, and bullion, under the new rules.
- If crypto profits are found unreported, a 70% penalty on the total amount will be levied, including interest and taxes.
- Reporting crypto transactions is now mandatory for crypto exchanges and financial institutions. They must file detailed reports under Section 285BAA.
- The amendment applied retroactively from Feb. 1, targeting crypto income over the past 48 months.
- The new rules follow a major tax enforcement in 2024, where India's Finance Minister revealed ₹824 crore ($97M) in unpaid GST from crypto exchanges.
- The U.S. IRS is also increasing its scrutiny on crypto in 2025, aligning with global efforts to regulate digital assets.
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Hope this helps you start the week with a smile on your face 😊
Goodluck beautiful people ❤️
@kegblgnunfaedh unpopular opinion:
si agus ini mestinya gak usah dihukum penjara.
cukup dikasi bedak gatel seumur hidup tapi gak boleh ada yang bantuin garuk👀
UPDATE LAGI GAES MAAP ABIS ADA URUSAN TD🤚🏻
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