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Does Budget 2022 Indicate That Crypto Is Legalising Soon? | The Urban Debate


In The Urban Debate Weekend with Heena Gambhir, we discuss the taxation on all digital assets, the Government has taken a conservative stand on the taxation of crypto assets by announcing a flat 30% on income from such income. In her Budget Speech 2022, Finance Minister Nirmala Sitharaman said that 30% tax would be charged on income from the transfer of virtual digital assets. She further said no set-off will be allowed in case of losses. Also, gifts in virtual digital assets would be taxed in the hands of the recipient. The crypto industry and experts welcomed the 30% tax rule for digital assets income. Not just this, there was no negative impact on prices of most of the popular crypto tokens including Bitcoin, ETH, WRX, SOL, ADA, DOGE, MATIC listed on Indian exchanges. Today on Mirror Now we are joined by Prashant Mali, Ajay Rotti, Dr Aruna Sharma, Nischal Shetty, Ajeet Khurana. Watch To Know More!
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