Budget 2022 Cryptocurrency Tax News Updates: 30 per cent tax Crypto tax brings clarity for market

 

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Budget 2022 Cryptocurrency Tax News Update: 30 Percent Tax Brings Clarity to Crypto Tax Marketplace, Positive or Negative Move?  Crypto Expert Decodes Budget 2022 Cryptocurrency Tax News Updates: India's crypto tax regime has finally been announced by FM in the 2022 budget.  However, the government has taken a tough stance on crypto assets by declaring a 30 percent tax on such income.  


Finance Minister Nirmala Sitharaman in her speech said that income from transfer of virtual digital assets will be taxed at 30 percent.  In addition, it announced that gifts in virtual digital assets would also be taxed.  Cryptocurrency industry experts Siddharth Menon, COO, WazirX and Neha Nagar- Founder and CEO of TaxationHelp Finfluencer share insights on announcements on Cryptocurrency in Budget 2022-2023. 


Find out whether this government move on crypto will be a positive or a negative for the industry.

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