The government has made two important clarifications regarding the taxation of cryptocurrency assets or, as the Finance Bill 2022 calls it, virtual digital assets. This came in response to Karti Chidambaram’s question in the Lok Sabha on Monday. To renew, as of April 1, all income from the transfer of a virtual digital asset will be taxed at 30%. No deductions are allowed, except for the purchase costs.


This post Government clarifies two important aspects was original published at “https://www.bloombergquint.com/business/crypto-tax-government-clarifies-on-two-key-aspects”

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