Neeraj Arora

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Tax on Cryptocurrencies In India 2022

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Tax on Cryptocurrencies In India 2022

Feb 1, 2022
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Tax on Cryptocurrencies In India 2022

www.neerajarora.com

Income From Virtual digital assets (VDA) will be taxable at the rate of 30%. Cryptocurrencies fall under the definition of Virtual Digital assets. Explained in the end. Deduction of Expense No deduction in respect of any expenditure (other than the cost of acquisition) or allowance or set-off of any loss shall be allowed to the assessee under any provision of the Act while computing income from the transfer of such asset.

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