[ad_1]
India plans to impose a 30 per cent tax on crypto assets, both in currencies and in non-exchangeable tokens (NFT).
“I propose to offer that every income from the transfer of every virtual digital asset has a 30 percent tax,” said Finance and Corporate Affairs Minister Nirmala Sitharaman, during discussions on the 2022-2023 budget in parliament.
Sitharaman said that there is a “phenomenal increase” in virtual asset transactions, adding that, “The size and level of these transactions have made it necessary to provide a specific tax regime accordingly, for the imposition of a tax on virtual assets.” digital ”.
“No deductions will be allowed in connection with any expenses or items when calculating such income, other than the purchase cost,” she added.
top channel
[ad_2]
Source link
