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Budget 2022: Govt to tax virtual digital assets at 30%; gifts to be taxed as well
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cnbctv18.comFinance Minister Nirmala Sitharaman has announced a taxation scheme on virtual digital assets such as cryptocurrencies. She announced any income from the transfer of any virtual digital asset shall be taxed at 30 percent and no deduction can be incurred while computing such income, except the cost of acquisition.Sitharaman a TDS of 1 percent made on transfer of digital assets.
Read more on cnbctv18.comAbout this in other media
Budget 2022: All virtual digital assets to be taxed at 30%; Industry experts decode cnbctv18.com /2 years ago
Explained: How cryptocurrencies will be taxed after Budget 2022 moneycontrol.com /2 years ago
Crypto in Budget 2022-23: Taxed, but is it legitimate? cnbctv18.com /2 years ago
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