Central Government Proposes 39 Amendments in Finance Bill 2022 - (25 Mar 2022)

BANKING

Central Government has proposed 39 amendments in the Finance Bill 2022, including clarification on taxation of virtual digital assets (VDAs) or cryptocurrencies. The Bill has proposed a 30% tax on the transfer of cryptocurrencies. Further, the Bill proposes deduction of surcharge or Cess, which has been claimed and allowed to the taxpayer, to be deemed as under-reported income and subjected to 50% penalty.

Tags : CENTRAL GOVERNMENT   AMENDMENT TO FINANCE BILL 2022  

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