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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

30% tax on income from crytocurrencies to be applicable from April 1, TDS from July 1: CBDT chief

CBDT ANI Central Board of Direct Taxes New Delhi

NEW DELHI: The proposed 30 per cent taxation on income from cryptocurrencies and other virtual assets will come into effect from April 1, Central Board of Direct Taxes chairman JB Mohapatra told news agency ANI on Thursday.

In addition, the 1 per cent tax deducted at source (TDS) on transactions in such asset classes will be applicable from July 1, Mohapatra said.

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