TAXATION ON VIRTUAL DIGITAL ASSETS To take effect from 1st Ap | Indian Economy -Civil Service Gurukul

TAXATION ON VIRTUAL DIGITAL ASSETS
To take effect from 1st April, 2022, under Section 115BBH of the Income Tax Act, any income from transfer
of any virtual digital asset shall be taxed at the rate of 30%.
Effective from 01 July 2022, 1% TDS (Tax Deducted at Source) will be deducted under Section 194S on
payment made above a monetary threshold in relation to transfer of virtual digital assets.
@commerceoptional