Budget 2022 | Cryptocurrency Taxation | 30% Tax on Income from Virtual Digital Assets | Neeraj Arora



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Hi Guys! Finance Minister Nirmala Sitharaman today while presenting the union budget 2022 proposed to tax income from virtual digital assets at a flat rate of 30 per cent.

She said any income from transfer of any virtual digital asset shall be taxed at 30%. No deductions and exemptions allowed. Also, loss from transfer of such assets cannot be set off against any other income. There will be a 1% tax deductible at source on such transactions and gifts of such assets will also be taxed.

To know more about this in detail watch this video till the end.

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Category
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