Ahlawat & Associates

Cryptocurrency

New delhi declaration on crypto assets

G20 Leader’s New Delhi Declaration on Regulation of Crypto Assets

With the growing risk and challenges posed by fast-paced developments in the crypto asset ecosystem, the Leaders of the G20 through the G20 New Delhi Leaders’ Declaration (adopted in New Delhi during the G20 Summit held from September 9-10, 2023) have endorsed the Financial Stability Board’s (FSB’s) recommendations for the regulation, supervision, and oversight of …

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Parliamentary Standing Committee approves the draft Digital Personal Data Protection Bill, 2022

Central Board of Direct Taxes (CBDT) issues guidelines for deduction of TDS on virtual digital assets

The Central Board of Direct Taxes (CBDT), vide Circular No. 13 of 2022 (titled ‘Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income Tax Act, 1961’) has issued Guidelines (including FAQs) for Tax Deduction at Source (TDS) of Virtual Digital Assets (VDAs) on June 22, 2022. The Ministry of Finance, …

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