Crypto investors may be disappointed by the flat 30% tax rate, which applies regardless of holding length.
"By implementing tax on the digital or virtual assets transfer, the government will build revenue." "It has also given acknowledgment to these assets by carrying them pursuant the ambit of taxation.
"By implementing tax on the digital or virtual assets transfer, the government will build revenue." "It has also given acknowledgment to these assets by carrying them pursuant the ambit of taxation.
Cryptocurrency Taxation Consulting | Cryptocurrency Taxation in India
The government will treat these assets as a valid asset class if they are taxed. Possession, mining, trading, or transferring bitcoin assets might result in up to ten years in prison, according to an earlier draft Proposal. The question of whether they may be ruled unlawful appears to be resolved now. Tokyotechie is Cryptocurrency Taxation and Trading Exchange Taxation consulting company. For more details: +917020973768 | info@tokyotechie.com | https://tokyotechie.com | https://tokyotechie.com/cryptocurrency-taxation-consulting/
