Every year, thousands of Indian crypto investors get tax notices. Not because they evaded tax, but because nobody explained the rules to them.
1% TDS isn't your tax paid, it's an advance deduction. Exchanges report your transactions under Section 285BA, AIS mismatches are the biggest trigger for notices right now. And transferring between your own wallets isn't automatically taxable either.
We sat down with Kashif Raza, Founder of Bitinning, and CA Niyati Shah, Vertical Head of Personal Tax at 1 Finance, to break down what compliant crypto investing actually looks like.
@simplykashif@bitinning@1FinanceHQ
Watch the full conversation, link in comments.👇
Every wallet you’ve used and every trade you’ve made leaves a trail, and the tax department can follow it just as easily as you can. File before 31 July and get 100% cashback on your ITR filing fee with ICR.
Full breakdown below 🧵
@IshitaNadar@MyntraSupport@nch1915@MyntraSupport If you guys can’t provide with a packaging footage then it’s a lapse at your end. I believe there should be fair decision making here, and the least you could do is provide the missing product or the refund.
@MyNykaa
Pathetic delivery experience. My order has reached my nearby location 4 days ago yet my order is not delivered and your customer executives are of no help. @XpressBees_IN Please higher up your delivery standards, your customer service is useless.
🇮🇳 NPCI participated in the India Blockchain Week, and the panel shared several developments in blockchain, tokenisation and digital money in India.
Some important points from the session 👇
🔹NPCI has built its own in-house blockchain that brings together the best parts of several established networks.
▪️It uses well-known wallet standards and a permission system similar to other major blockchains, with the rest customised for its regulated setup.
▪️The system is already tested at more than 100,000 transactions per second in a controlled environment.
🔹Asset tokenisation was highlighted as a major focus area. NPCI mentioned that multiple tokenisation projects are already underway with involvement from the Government of India and the Reserve Bank of India.
🔹CBDC is being explored for direct benefit transfers. Programmability is seen as a way to improve targeting, transparency and overall efficiency of public spending.
▪️Among the current use cases are Kiwi farmers receiving CBDC limited to fertiliser purchases and welfare subsidies in Rajasthan that are geo-tagged to specific locations.
🔹Tokenisation is also being considered for use cases linked to cross-border settlement and more advanced payment logic.
🔹On stablecoins, NPCI stated that no regulatory model or architecture has been published yet. Any framework will depend entirely on the RBI and government direction.
👉So the country is not debating whether blockchain will matter or not; it is already building around it. The shift toward tokenised and programmable money looks more like a structural change than an experiment.
What matters now is a clearer regulatory direction for the wider digital asset ecosystem.
@IBWofficial@NPCI_NPCI
Tomorrow is Day 1 of @IBWofficial and Shefi India is hosting the chillest wind down sesh you’ll find!
Right before lunch, come meet the ecosystem, make real connections, exchange insights and have a little fun, minus the pressure.
🗓 Dec 2 (Day 1)
⏰ 2:00–3:30 PM
📍 Sheraton Grand, Bangalore
If you’ve been wanting a safe space to network, meet the SheFi India community, or just breathe between panels, this is your moment.
OPEN TO EVERYONE (LADIES AND THE GENTS).
Would highly recommend getting your newbie friends for a gentle welcome into web3.
Pull up and bring your vibe. ✨
SIgn up below!
Hey you all, will be there at
Solana APEX Mumbai @hackerhouses repping @icr_indiacrypto
India Crypto Research helps devs understand the real strength of the tokens you build on or earn from using On-chain Analysis, and research-backed insights.
Come say Hi!
@SuperteamIN