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