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Crypto mining cost not to be allowed as deduction under IT Act : Rashtra News #Crypto #mining #cost #allowed #deduction #Act Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
The report, independently reviewed and validated on-chain, confirms that the company's total holdings of cryptocurrency and Indian Rupees (INR) surpass its customers' balances.
Mudrex celebrates Bitcoin Pizza Day in Bengaluru by distributing pizzas to children, startups, and food lovers, partnering with WeWorks and Zomato. Edul Patel shares insights on Bitcoin's journey from the first real-world transaction in 2010 to current regulatory trends, including SEBI's stance.
Implementing regulation solely within one country without a global consensus on a borderless technology won't be effective
In a significant development within Indias crypto landscape, the Securities and Exchange Board of India (SEBI) has recommended several regulators oversee crypto trade nationwide.