Indian Economy

General Studies (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

In the Union Budget of India 2022, what percentage of tax has been levied on transfer of digital assets (cryptocurrency)?

This questions was previously asked in

SSC MTS 13th July 2022 Shift-2

20 percentage

5 percentage

30 percentage

10 percentage

- In the Union Budget of India 2022, the transfer of digital assets such as cryptocurrency was brought under the tax net.

- A tax rate of 30% has been imposed on the transfer of these digital assets.

- This decision aims to clarify and regulate the growing digital asset sector in India.

- The imposition of a 30% tax aligns digital asset taxing more closely with the higher bracket of income taxes.

- No deductions for income from other sources are allowed, except for the cost of acquisition.

Correct Answer: Option:3, 30 percentage.