30% Tax on Crypto in India; Digital Rupee to Launch by 2023

Follow us on Google News Key takeaways 30% tax would be charged on income from the transfer of virtual digital assets. Finance Minister Nirmala Sitharaman announced that the Reserve Bank of India would issue a digital rupee using Blockchain and other technologies starting 2022-23.  On Tuesday, Finance minister Nirmala Sitharaman announced the finance budget 2022 in Parliament. In her Budget Speech 2022, she stated that 30% tax would be charged on income from the transfer of virtual digital assets. She further marked no deduction will be allowed in case of losses. Also, gifts in virtual digital assets would be taxed … Continue reading 30% Tax on Crypto in India; Digital Rupee to Launch by 2023