Does recognition of digital assets under income tax laws mean they have got legal status? What are the grey areas?
Most importantly, what do the changes mean for investors?
Crypto is an Asset
“A currency is a currency only when it is issued by the central bank, even if it is a crypto. Anything outside of that, what we refer loosely as cryptocurrencies, are not currencies,” the finance minister said while clearing the air around cryptocurrencies at her post-Budget press conference. “We are not taxing the currency (digital rupee) that is yet to be issued by RBI. Everything that prevails outside of it, in the name of digital, are assets being created by individuals. And if profits are being made by transacting those assets, we will tax them at 30%.” She said government will keep a watch on the crypto world by imposing a 1% tax deducted at source (TDS) on every transaction.
هذه القصة مأخوذة من طبعة February 2022 من Fortune India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2022 من Fortune India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول