Luxury expeditions, the Queen of mergers and acquisitions, the changing role of CTOs are some of the stories that piqued the interest of our readers this week
Every week, catch up on the best long form stories from Forbes India. Often peppered with our binge-worthy podcasts, videos or infographics too. Image: Shutterstock
1) Explained: Crypto TDS and retail investors
In 2022, when Finance Minister Nirmala Sitharaman introduced crypto taxation, crypto transactions in India saw a sharp decline. The cumulative trade volume of around Rs 32,000 crore from domestic centralised virtual digital assets (VDA) exchanges moved to foreign exchanges. More than 17 lakh users switched to foreign exchanges to avoid taxes. Now, the fine print of Union Budget 2023 mentions a penalty on non-payment of TDS on VDAs equal to the unpaid TDS that will be imposed by a joint commissioner, or a jail term for up to six months. Experts now say the amendments in the Income Tax Act under section 271C about VDAs will further confine the growth of the industry and lead to more investors switching to foreign exchanges to avoid taxes. Read more
2) Road less travelled
The history of humans exists because we tend to travel and record. We know of stories related to the Silk Road, Amber Road, and even the Grand Trunk Road. These routes were crucial in shaping the world economy and globalisation. In modern times, these travels are not as difficult. And if you have the means, these expeditions can also become exhilarating, luxurious campaigns. From the Fjords of Norway to Scottish Highlands to Thai beaches, to the mountains of Spiti Valley, travel companies are offering experiential road trips, complete with the choicest luxuries. Indian tourists are taking this plush leap and also recording high repeat rates. Here's a look at some of the more ambitious tours on offer. Read more
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