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Bitcoin profits even before VDA rules to be treated as capital gains

The New Indian Express Bhubaneswar

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December 17, 2024

IN a first of its kind legal dispute over taxation of bitcoins, the Jodhpur Income Tax Appellate Tribunal (ITAT) has ruled that gains for sale of bitcoins even before the introduction of virtual digital asset (VDA) regime in 2020 should be treated as capital gains for the purpose of taxation.

- ENS ECONOMIC BUREAU @ New Delhi

The ITAT order says that even though Bitcoin is intangible, it qualifies as a capital asset since it grants ownership rights and can be bought, sold, or transferred.

MEER VERHALEN VAN The New Indian Express Bhubaneswar

The New Indian Express Bhubaneswar

Don Jr visits Agra, to attend star-studded wedding in Udaipur

DONALD Trump Jr, son of US President Donald Trump, on Thursday visited the Taj Mahal in Agra.

time to read

1 min

November 21, 2025

The New Indian Express Bhubaneswar

In 1st use of 1950 Act, Assam hunt for 'declared foreigners'

EXPULSION OF IMMIGRANTS

time to read

1 mins

November 21, 2025

The New Indian Express Bhubaneswar

ED files chargesheet against Vadra in laundering case linked to arms dealer

THE Enforcement Directorate (ED) filed a chargesheet on Thursday against Robert Vadra, businessman and brother-in-law of Rahul Gandhi, in a money laundering case linked to UK-based arms dealer Sanjay Bhandari.

time to read

1 min

November 21, 2025

The New Indian Express Bhubaneswar

US and Russia draft Ukraine plan; EU demands seat for itself, Kyiv at the table

THE US and Russia have drawn up a 28-point plan aimed at ending the war in Ukraine that calls for major concessions from President Volodymyr Zelenskyy, according to a person familiar with the matter.

time to read

1 mins

November 21, 2025

The New Indian Express Bhubaneswar

B’desh SC revives caretaker govt rule

BANGLADESH’s Supreme Court on Thursday ordered restoration of election time nonpartisan caretaker government but said the judgment would not apply to the planned general elections to be held in February next year.

time to read

1 min

November 21, 2025

The New Indian Express Bhubaneswar

US okays Javelin, Excalibur weapon sale to India

INDIA'S procurement of two types of weapons from the US— Javelin ATG missiles and Excalibur precision guided munitions — worth $92.8 million moved a step closer as the US Defense Security Cooperation Agency (DSCA) formally notified Congress on its sale. While Javelin is a new acquisition, the Indian Army is already using Excaliburs.

time to read

1 min

November 21, 2025

The New Indian Express Bhubaneswar

MP faux pas: 3 dead teachers get 3 days to explain zero attendance

THREE government school teachers in Madhya Pradesh were recently sent show-cause notices for missing e-attendance. They’ll never respond—because the teachers are dead.

time to read

1 mins

November 21, 2025

The New Indian Express Bhubaneswar

LINKING INDIA'S 2-SPEED ECONOMY

THE parallel analysis of some key indicators reveals a sharp and persistent divergence in India’s growth story. The Index of Industrial Production for September 2025, when combined with RBI’s Industrial Outlook Survey for July-September 2025, highlights a troubling conflict. Industrial growth is being vigorously driven by investment and capital goods, but is being held back by uneven household demand, particularly in mass-market segments.

time to read

3 mins

November 21, 2025

The New Indian Express Bhubaneswar

The New Indian Express Bhubaneswar

India to see over 1 billion 5G subscriptions by 2031

TELECOM equipment maker Ericsson released its Mobility Report on Thursday, predicting that India will have more than 1 billion 5G subscriptions by the end of 2031, reaching 79% of total mobile subscriptions.

time to read

2 mins

November 21, 2025

The New Indian Express Bhubaneswar

Stronger regional security network key in changing global order: Doval

NATIONAL Security Adviser Ajit Doval Thursday underscored the “significance” of strengthening regional partnerships amid a “rapidly changing and challenging global security environment,” as he opened the NSA-level meeting of the Colombo Security Conclave (CSC) in New Delhi.

time to read

1 mins

November 21, 2025

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