Tarun Bajaj News

US-India Strategic Partnership Forum (USISPF) has pitched for further simplification of the tax structure in India, including the tax deduction at source framework, to reduce compliance burden of the industry.

LIC State-owned insurer LIC said it has amended a framework to allow the induction of shareholders' directors on its board. Granules Granules India announced that the USFDA has approved its Abbreviated New Drug Application, filed by Granules Pharmaceuticals, a wholly owned foreign subsidiary of the company, for Sildenafil for Oral Suspension. Read more: Here's the trading setup for today's session DHFL Appleate Tribunal NCLAT upholded National Financial Reporting Authority orders on DHFL branch auditors and dismissed appeals. It found no error in NFRA orders on DHFL branch auditors. HUL HUL appointed former revenue secretary Tarun Bajaj as an Independent Director of the company for a term of five consecutive years with effect from December 1. Hero MotoCorp Hero MotoCorp reported total sales of 4.91 lakh units in the month of November, which were up 26% year-on-year.

Mumbai: The crypto industry has reached out to the finance ministry, seeking to either reduce or eliminate the 1% tax deducted at source (TDS) proposed on the proceeds of all crypto transactions, as the Finance Bill will be approved in the Parliament session that commenced Monday. Top crypto players are taking up the demand with the ministry through the Blockchain and Crypto Assets Council (BACC), which is part of the Internet and Mobile Association of India, and startup industry body IndiaTech. According to two people ET spoke to, these crypto platforms that are members of the BACC have recommended that the proposed TDS be reduced to 0.01-0.1%.

Government has a consultation process for cryptocurrency formalisation, Nirmala Sitharaman has said

budget to address the lack of clarity on how income from such transactions is to be taxed and it doesn't necessarily confer legitimacy on such products, revenue secretary Tarun Bajaj said in an interview. The budget announcement had been regarded as recognition of crypto assets such as digital coin, in the absence of explicit legislation on the matter.Assessing Officers' Call till March 31

Poor earnings from Meta, formerly known as Facebook, also spoiled the market mood. Weaker guidance for the ongoing quarter added to the woes. Meanwhile, wormhole hole network being down for maintenance impacted the DeFi space. The trading volumes too remained thin. Barring the US dollar-pegged USD Coin, all of the other nine out of the top-10 digital tokens were trading lower during the trade on Thursday. Terra and Solana plunged 9 per cent each while Cardano dropped 6 per cent and Shiba Inu 4 per cent.

Income tax return forms from next year will have a separate column for making disclosures on gains made from cryptocurrencies and paying taxes, Revenue Secretary Tarun Bajaj said on Wednesday.

Income tax return forms from next year will have a separate column for cryptocurrency gains

Currently, there is no regulation or any ban on use of cryptocurrencies in the country.

The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said.