Question

Budget 2022 has provided for taxing rights by defining comprehensively the term Virtual Digital Assets (VDA) under the Income tax Act under a Chapter dealing with Tax on Special Cases, providing for a flat rate of _____________.

A 15% Correct Answer Incorrect Answer
B 25% Correct Answer Incorrect Answer
C 27% Correct Answer Incorrect Answer
D 30% Correct Answer Incorrect Answer
E 35% Correct Answer Incorrect Answer

Solution

Explanation: Budget 2022 has provided for taxing rights by defining comprehensively the term Virtual Digital Assets (VDA) under the Income tax Act under a Chapter dealing with Tax on Special Cases, providing for a flat rate of 30 percent.

Practice Next

Relevant for Exams:

×
×