30% Tax On Income From Cryptocurrency and Virtual Assets - Budget 2022 in india
According to New Budget , taxation is introduced on cryptocurrencies and other virtual assets such as NFTs
Finance Minister Nirmlala Sitharaman on Tuesday introduces a new taxation rule of 30 percentage on income from transaction in such assets.
Also, to bring such assets under the tax net, she proposed a 1 per cent TDS (tax deducted at source) on transactions in such asset classes above a certain threshold.
Congress leader Rahul Gandhi on Tuesday dubbed the Union Budget as a "zero-sum budget", saying it has nothing for the salaried, middle class and the poor.