Ayush Saroj, B.A. LL.B. (Hons.), City Law College, Lucknow
ABSTRACT
“This research paper analyzes Virtual Digital Assets (VDAs) taxation in India, identifying challenges and proposing policy recommendations. India's rapid VDA growth has outpaced legal framework development, causing uncertainty and taxation issues. This study investigates primary legal concerns, providing comprehensive analysis and solutions. Using a mixed- methods approach, it examines India's legal framework, regulatory agencies, and laws governing VDA taxes, comparing them to international jurisdictions. Significant legal issues are identified, including classification, valuation, and compliance. Policy recommendations aim to establish a coherent tax system, provide regulatory clarity, foster innovation, and ensure legal certainty for businesses and investors, contributing to the ongoing discussion on VDA taxation.”
Keywords: Virtual Digital Asset, Taxation, Crypto-currency, Non-fungible Tokens, investment, Union Budget]
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