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#Union Budget 2022-2023: Scheme for Taxation of Virtual Digital Assets - (01 Feb 2022)

DIRECT TAXATION

Union Budget proposes that for taxation of Virtual Digital Asset (VDA), any income from transfer of VDA shall be taxed at rate of 30% without any deduction. Loss cannot be set off. Gift of VDA also to be taxed in hands of recipient

Tags : UNION BUDGET   TAXATION OF VIRTUAL DIGITAL ASSETS  

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