1)According to Section 115BBH of the Income Tax Act of 1961, investors are required to pay 1% TDS (tax deducted at source) when transferring cryptocurrency tokens, commonly referred to as virtual ...
Bitcoin is in the news again ... In 2022, the Indian government introduced a flat 30% income tax on gains from cryptocurrencies and Non-Fungible Tokens (NFTs). Investors riding the current ...
The law establishes cryptocurrency as property, creating a split tax system: personal income tax for individuals ... at 80% of market price, meaning bitcoin price appreciation between mining ...