Cryptocurrency Taxation India

Cryptocurrencies Are Finally Legalized in India; Indian Government to Levy 30% Tax in Income from Virtual Digital Assets

Cryptocurrencies are now openly legalized by the Indian Government since the Budget announced on February 1, 2022. India’s Finance Minister Nirmala Sitharaman, in the budget speech 2022 said that income from the sale of virtual assets will be taxed at a fixed rate of 30%, with no deductions allowed. She also recommended a 1% TDS…

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