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Rahul Mehta's avatar

No benefit of Basic exemption limit will be given and a flat rate of 30% will be levied irrespective of amount of capital gain.

This is more evident by the RATE OF TAX which govt. has imposed , which is a clear indicator that govt. wants to demote the investment in VIRTUAL DIGITAL ASSETS

as this rate is applicable on gambling, batting and other types of casual nature of income.

But the irony is govt. (RBI) itself is also introducing its digital currency.

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Nageswar Reddy's avatar

Very beautifully explained the new concept of VDA .

Sir you are great . Thank you so much.

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