{"id":908145,"date":"2025-02-22T08:05:30","date_gmt":"2025-02-22T02:35:30","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=908145"},"modified":"2025-02-22T08:08:47","modified_gmt":"2025-02-22T02:38:47","slug":"crypto-is-no-longer-an-invisible-asset","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/02\/22\/crypto-is-no-longer-an-invisible-asset\/","title":{"rendered":"Crypto is no longer an invisible asset"},"content":{"rendered":"<p>In the Budget of 2025, the finance minister proposed an amendment to Section 158B of the Income Tax Act, 1961 (ITA) to include virtual digital assets in the definition of undisclosed income. This means that if, during a search proceeding, an individual\u2019s income from cryptocurrencies is unearthed and found to be unreported, such income will now be subject to block assessment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the Budget of 2025, the finance minister proposed an amendment to Section 158B of the Income Tax Act, 1961 (ITA) to include virtual digital assets in the definition of undisclosed income. This means that if, during a search proceeding, an individual\u2019s income from cryptocurrencies is unearthed and found to be unreported, such income will now be subject to block assessment.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-908145","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/908145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=908145"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/908145\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=908145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=908145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=908145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}