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Tag: Virtual Digital Assets

New tax provision for digital assets

The Finance Act 2022 has inserted a new section in the Income-tax Act, 1961, under which a person responsible for paying to any resident for the transfer of a virtual digital assets (VDAs) will be able to deduct 1% of the paid amount from his or her income tax

A taxing time for crypto assets

By Shahid Khan, Kochhar & Co.

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