Govt May Fine Tune Crypto Tax Rules; 5G Windfall for IT Firms | In the News

India’s new crypto tax isn’t just exorbitant, it’s also terribly confusing. Now, sources tell us the government may fine tune the tax rules and also widen the definition of “virtual digital asset” to account for rapid changes in this ever-evolving space.

Solutions around 5G technology form around 8% of existing engagements for IT services firms globally. According to a report from Everest Group, Accenture, Capgemini, TCS, HCL Technologies, Tech Mahindra, and Infosys are the leading IT companies in this space.