Connect with us

Technology

What are virtual digital assets?

Published

on

What are virtual digital assets?

The government has introduced new regulations aimed at taxing and tracking virtual digital assets in the 2022-23 federal budget. In addition to the tax framework, the budget defines virtual digital assets for the first time.

The Finance Act defines virtual digital assets in a newly inserted provision (47A) of Section 2 of the Income Tax Act 1961.

Regardless of the nomenclature used, a VDA is defined as any information or code or number or token that is encrypted or otherwise generated. and may be transmitted, stored or traded electronically.

Advertisement

In addition to the three criteria above, one of the following two conditions needs to be met to qualify for a VDA.

The definition of VDA also specifically includes non-fungible tokens, i.e. NFTs, or any other token of a similar nature, whatever the name.

The definition of NFT will be notified by the central government.

Generally speaking, NFT is a digital asset that exists on the blockchain, and anyone can verify its authenticity and owner.

Advertisement

Digital art, images, videos, text, music and even virtual real estate and in-game items can be bought and sold as NFTs.

The Finance Act also authorizes the government to designate any other digital asset as a VDA, or exclude any digital asset from the definition of a VDA.

It is worth noting that Indian and foreign currencies as defined in the Foreign Exchange Control Act 1999 have been excluded from the scope of the VDA.

While the VDA includes cryptocurrencies, the definition can cover a wide variety of digital assets, as implied by the “or otherwise” in the phrase “generated by cryptographic means or otherwise.” The definition also includes words such as “information”, “code”, “number”, etc.

Advertisement

Due to its broad definition, VDA may include vouchers, bonus points issued by shopping sites or credit card companies, airline miles, etc. Experts have sought clarification from the government. They are concerned that the scope of the VDA could affect the digital assets created by the company.

Complete News Source : Business Standard

Advertisement

$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Published

on

By

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

Advertisement

The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

Advertisement

About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

instantbollywood.com

Anticipation and Fan Reactions

Advertisement

The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

Advertisement

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/

Continue Reading
Anyskill-ads

Facebook

Denis Villeneuve, the director of Dune 2, is “against” the Academy’s decision to exclude Hans Zimmer for Best Score at the 2025 Oscars. “Denis Villeneuve Slams Academy for Excluding Hans Zimmer’s Dune 2 Score from 2025 Oscars”
Hollywood4 weeks ago

Denis Villeneuve, the director of Dune 2, is “against” the Academy’s decision to exclude Hans Zimmer for Best Score at the 2025 Oscars. “Denis Villeneuve Slams Academy for Excluding Hans Zimmer’s Dune 2 Score from 2025 Oscars”

Tiranga, code name Review of the motion picture: Parineeti Chopra delivers a punch in this formulaic action-thriller
Trending1 week ago

Tiranga, code name Review of the motion picture: Parineeti Chopra delivers a punch in this formulaic action-thriller

Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore
Tollywood3 weeks ago

Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore

Kangana Ranaut claims that if Anupam Kher had declined to make Emergency, she would not have: “His expression is honest.” “Bold Claim: Kangana Ranaut Says She Wouldn’t Have Made Emergency Without Anupam Kher: ‘His Expression Is Honest'”
Bollywood4 weeks ago

Kangana Ranaut claims that if Anupam Kher had declined to make Emergency, she would not have: “His expression is honest.” “Bold Claim: Kangana Ranaut Says She Wouldn’t Have Made Emergency Without Anupam Kher: ‘His Expression Is Honest'”

Daaku Maharaaj’s third day of box office receipts: The Nandamuri Balakrishna and Bobby Deol film breaks the ₹50 crore mark in India
Tollywood3 weeks ago

Daaku Maharaaj’s third day of box office receipts: The Nandamuri Balakrishna and Bobby Deol film breaks the ₹50 crore mark in India

Before the T20 World Cup, Yuzvendra Chahal said, “Pakistan has a good squad, however…”
Bollywood1 week ago

Before the T20 World Cup, Yuzvendra Chahal said, “Pakistan has a good squad, however…”

Following Guneet Monga, Priyanka Chopra serves as executive producer for the Oscar-nominated short film Anuja:”Inspiring Move: Following Guneet Monga, Priyanka Chopra Serves as Executive Producer for the Oscar-Nominated Short Film Anuja: ‘Very Proud'”
Trending4 weeks ago

Following Guneet Monga, Priyanka Chopra serves as executive producer for the Oscar-nominated short film Anuja:”Inspiring Move: Following Guneet Monga, Priyanka Chopra Serves as Executive Producer for the Oscar-Nominated Short Film Anuja: ‘Very Proud'”

Virat Kohli’s invaluable advice after kid asks how to represent Team India: ‘Your father shouldn’t tell you to…’
concert film1 week ago

Virat Kohli’s invaluable advice after kid asks how to represent Team India: ‘Your father shouldn’t tell you to…’

Tabu reveals she’ll make her Dune: Prophecy entry as Sister Francesca in this episode; fans say ‘Queen is coming’
Web Series4 weeks ago

Tabu reveals she’ll make her Dune: Prophecy entry as Sister Francesca in this episode; fans say ‘Queen is coming’

Trending