Law, Procedure, and Taxation of Virtual Digital Assets (Cryptocurrencies)

This 2025 Edition of Law, Procedure and Taxation of Virtual Digital Assets (Cryptocurrencies) by Ram Dutt Sharma offers a comprehensive and practical guide to the taxation and regulatory framework applicable to virtual digital assets (VDAs) under the Income Tax Law, updated in accordance with the Finance Act, 2025.

The book examines the legal recognition, procedural aspects, and taxation provisions relating to cryptocurrencies and other VDAs, providing clarity to taxpayers, professionals, and regulators in this rapidly evolving sector.

Key highlights include:

• Detailed coverage of Section 115BBH (Tax on income from transfer of VDAs) and related provisions

• Tax treatment of airdrops, mining, staking, NFTs, and digital tokens

• Provisions on TDS under Section 194S and related compliance requirements

• Classification of gains from VDAs – capital gains vs. business income

• Guidance on valuation, reporting obligations, and documentation

• Analysis of penalties, prosecution, and consequences of non-compliance

• Important CBDT clarifications and relevant judicial pronouncements

• Practical computation examples and scenarios for better understanding

• Compliance calendar and procedural checklists for taxpayers dealing in VDAs

This edition is invaluable for:

• Chartered accountants, tax consultants, and legal professionals

• Cryptocurrency traders, investors, and start-ups

• Corporate tax managers handling VDA transactions

• Students and researchers studying fintech law and taxation

By combining legal interpretation, procedural guidance, and practical illustrations, this book serves as an authoritative reference for navigating the complexities of virtual digital asset taxation in India.