Income Tax & Gst Returns 🇮🇳

Key Highlights :

# No changes in tax slabs.

# Long term capital gains to be subject to surcharge only at 15% for all assets as against graded surcharge. 

# Income from virtual digital asset to be taxed at 30%. No deduction other than cost of acquisition will be allowed.

# Crypto Currency shall be treated like any other capital asset and shall be taxed at the rate of 30 percentage flat with no deduction allowed. 
@incometaxsolution
# Any income from transfer of an virtual digital asset to be taxed at the rate of 30%. No deduction to be allowed except cost of acquisition. Loss from sale of virtual digital asset can be set-off only against the gains from sale of virtual digital assets. 

"For More Information and details please Read Budget2022 Shared above"

@incometaxsolution

www.tgoop.com/incometaxsolution/622

7.8K viewsCA ABHISHEK TIWARI, edited  Feb 1, 2022 at 11:39

Key Highlights :

# No changes in tax slabs.

# Long term capital gains to be subject to surcharge only at 15% for all assets as against graded surcharge. 

# Income from virtual digital asset to be taxed at 30%. No deduction other than cost of acquisition will be allowed.

# Crypto Currency shall be treated like any other capital asset and shall be taxed at the rate of 30 percentage flat with no deduction allowed. 
@incometaxsolution
# Any income from transfer of an virtual digital asset to be taxed at the rate of 30%. No deduction to be allowed except cost of acquisition. Loss from sale of virtual digital asset can be set-off only against the gains from sale of virtual digital assets. 

"For More Information and details please Read Budget2022 Shared above"

@incometaxsolution

BY Income Tax & Gst Returns 🇮🇳