Cryptocurrency Tax News Budget 2022 | Introduction of Central Bank Digital Currency @Sansad TV

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Cryptocurrency Tax News Budget 2022 | Introduction of Central Bank Digital Currency – The Government has taken a conservative stand on taxation of crypto assets. In her Budget Speech 2022, Finance Minister Nirmala Sitharaman said that 30% tax would charged on income from transfer of virtual digital assets. Also, gifts in virtual digital assets would be taxed in the hands of the recipient. Also announced that a Blockchain-based and RBI-backed Central Bank Digital Currency (CBDC) will be introduced.

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Source – @Sansad TV
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