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The Times of India

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Govt proposes amendments to Finance Bill; seeks to tighten norms for cryptocurrency taxation

India New Delhi

NEW DELHI: The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets.

As per the amendments to the Finance Bill, 2022, circulated among the Lok Sabha members, the ministry proposes to remove the word 'other' from section relating to set off of losses from gains in virtual digital assets.

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