Budget 2022: Virtual Digital Assets to be Taxed at 30% and 1 % TDS on Transfer of Virtual Digital Assets

Budget 2022 - Virtual digital assets - TDS - taxscan

The Finance Minister, Nirmala Sitharaman announced that the  Virtual digital assets will be taxed at 30% and 1 % TDS on transfer of virtual digital assets. This move is significant to bring cryptocurrencies and non-fungible tokens (NFTs) under a tax net. “Any income from virtual digital assets is taxable at 30 per cent,” the finance…

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