Read ePaper

Miheer Jain and Badri Narayanan

Vehicle scrappage scheme: A much-needed policy for auto sector

June 12, 2021

The long-awaited draft policy on vehicle scrappage is now accessible. The proposal specifies the guidelines for identifying and scrapping end-of-life vehicles. It also has directives for scrapping facilities for sustainable waste recycling and material recovery. This is a significant move in the development of infrastructure for the organised and scientific...

Implications for income generated through crypto trading

June 2, 2021

Cryptocurrency is a relatively new concept in the Indian market. The government is yet to come up with specific rules for the taxability of profits derived from cryptocurrency transactions under the Act. However, since the intent of income tax laws has always been to levy tax on income regardless of...

CITIZENS SHOULD BE TRAINED ON THE COMPLEXITIES OF USING CRYPTOCURRENCIES

May 18, 2021

In India, there is a lapse in the legislation on regulation of virtual currency, which either prohibits trade and dealings or legalises their use. The Supreme Court, in the case of Internet and Mobile Association of India v. Reserve Bank of India, set aside the curb imposed by the RBI...