The Centre is all set to introduce the new Income Tax Bill 2025 to replace the existing Income Tax Act of 1961. This significant tax reform is aimed at streamlining the complex tax filing process, albeit with stricter regulations, particularly concerning crypto assets and digital transactions. One of the key amendments in the bill is … Read more
(This story originally appeared in on Jan 18, 2022) In March 2021, a 1961 oil painting by VS Gaitonde sold for over $5 million – making it the most expensive Indian art ever sold. In the same month, auction house Christie’s sold a digital work of art for the first time for $69 million. It … Read more
“While there have been comments by the government and the RBI, and news of a framework being developed for cryptocurrencies—all these do not address NFTs themselves,” adds Ganapathy. It’s raining non-fungible tokens (NFTs) this year. At the March 11 auction of Christie’s in London this year, an artwork by American artist Mike Winkelmann, also known … Read more