Finance Bill 2025 introduces several changes to the block assessment provisions under Chapter XIV-B of the Income-tax Act, 1961, which govern search and requisition cases. The block period is defined ...

Vide Finance (No. 2) Act, 2024, the concept of block assessment was introduced by amending provisions of Chapter XIV-B (sections 158B to 158BI of the Act) to be made applicable where a search under ...

BENGALURU: Virtual digital assets (VDAs) such as crypto will be included in defining undisclosed income. This means ...

Finance Minister Nirmala Sitharaman proposes redefining undisclosed income to include virtual digital assets, aiming to tighten cryptocurrency regulations in India.

Finance Minister Nirmala Sitharaman has suggested defining 'virtual digital asset' as undisclosed income to strengthen cryptocurrency regulations.

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Virtual Digital Assets (VDAs) are now classified as undisclosed income. So if unreported crypto gains are detected, tax ...

India’s finance minister Nirmala Sitharaman has disclosed that digital assets should be added under undisclosed income in a ...

In Budget 2025, reporting entities such as banks and crypto exchanges are now required to regularly report information on ...

Budget 2025 announcements included reforms related to income tax, TDS, tax on second housing property, crypto investent, etc.

The Budget document said, “It is proposed to add the term ‘virtual digital asset' to the said definition of undisclosed income of the block period.” Further tightening the noose, the government has ...