Panel Discussion on “Tailoring Crypto Tax to India's Needs"!

Course Duration:
60 minutes

Course Background:

The Union Budget is around the corner and Cryptocurrency has been at the centre stage. Last year, the Hon'ble Finance Minister introduced a complete code on taxation of Virtual Digital Assets (VDA) which has since been debatable. Taxsutra recently published a Special Report 'Crypto Taxation – Impact Assessment & Corrective Measures' with inputs from Esya Centre’s Report - Virtual Digital Asset Tax Architecture in India: A Critical Examination. As per the Report, the VDA tax regime has been discouraging for crypto investments in India as large volume of crypto transactions shifted to foreign exchanges. The stakeholders made their representation before the Finance Ministry for relaxation in the VDA tax regime on all fronts, particularly the withholding tax. The experts believe that a congenial VDA tax regime will provide necessary traction to the Indian VDA exchanges and fuel the investments globally.

What shall the episode cover?

Taxsutra presents a special episode on 'Tailoring Crypto Tax to India's Needs' to brainstorm the idea of a VDA tax regime to suit the needs of India from an investment perspective. The panel for the webinar - Mr. Akhilesh Ranjan (Senior Advisor, PwC & Former Member, CBDT), Mr. Ramesh Bafna (Chief Financial Officer, CoinSwitch Kuber) & Mr. Raghavan Ramabadran (Executive Partner, Lakshmikumaran & Sridharan) have provided their incisive views on the subject. The panel is moderated by renowned financial journalist Mr. Govindraj Ethiraj.