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DN Bureau

India introduces 'crypto tax' of 30 per cent

India Nirmala Sitharaman Finance

Finance Minister Nirmala Sitharaman

New Delhi [India]: Union Finance Minister Nirmala Sitharaman announced on Tuesday that income from digital asset transfers will be taxed at a rate of 30 per cent. This move is seen as 'crypto tax'.

Presenting the Union Budget 2022-23 in the Lok Sabha, Sitharaman said gifts received in the form of cryptocurrencies will also be taxed at the same rate.

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