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crypto tax

crypto tax latest

India Imposes 30% Tax on Crypto and NFTs Income
February 1st, 2022 - 08:26 GMT

India Imposes 30% Tax on Crypto and NFTs Income

India's finance minister, ,Nirmala Sitharaman, announced on Tuesday a 30% "crypto tax" - tax on the income from the transfer of any virtual digital assets-, and the plans to launch India's official digital currency (CBDC). The announcement comes at a time when trading in cryptocurrencies and NFTs is booming in India despite the uncertainty of regulations in the country. "There has been a phenomenal increase in transaction in virtual digital ...
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