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How much tax will be levied on the transfer of virtual assets?
A)
35 percent
B)
30 percent
C)
25 percent
D)
20 percent

Correct Answer : Option (B) - 30 percent



Finance Minister announced in the union budget 2022 that any income derived from the transfer of virtual assets will be taxed at 30%. This is the first step towards embracing the crypto and blockchain industries in India, we believe this is a positive move.

Source : Financial Express

Published On : February 1, 2022
Category : Indian Economy
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