ARE GAINS ON CRYPTOCURRENCY TAXABLE? – YouTube

ARE GAINS ON CRYPTOCURRENCY TAXABLE?


  • Video Views: 125
  • Published On: 2022-03-11 21:00:56
  • Video Published/Author: i – T A X I N D I A
  • Video Duration: 00:05:33
  • Source: Watch on YouTube


In Budget 2022, Finance Minister Nirmala Sitharaman announced that India will tax all “virtual digital assets” at 30% from April 1. The recipient is now liable to pay 30% of his return as tax, irrespective of his level of income. “Although cryptocurrencies are described as assets in the budget, they are being handled differently than other assets. 1% TDS is making the traders, investors, exchanges and other people engaged in this market worried.
* Crypto is at least not banned in India (Clarity on taxation)
* The government gets a good income source in the form of tax.
* Investors will speculate less with crypto being a risky asset. More long term investments may be seen.

We love Crypto. Don’t we?

1 comment
Leave a Reply

Your email address will not be published.

Related Posts
Total
0
Share