Union Budget: Trading in crypto? There is a bigly tax to pay – The Times of India
Cryptocurrencies such as Bitcoin and Ethereum (and many other popular ones) have rapidly transitioned from being niche digital assets to investment opportunities in India, attracting the attention of investors and tax authorities.The Finance Act, 2022 introduced a framework to specifically tax VDAs, including cryptocurrencies, treating them as virtual digital assets (VDAs). Income from the transfer…