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

    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.

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