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India Crypto Tax

India has imposed a 30 per cent tax on any income from the transfer of virtual digital assets, including cryptocurrencies and NFTs.The move, announced during the national budget plan for the 2022-23 fiscal year, would bring virtual assets, including cryptocurrencies and non-fungible tokens (NFTs) under a tax net, allowing for no specific deductions or exemptions. Is this a breakthjough in digital assets ?

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