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      Question

      The income from the transfer of digital assets shall be

      taxed at ______?
      A 15% Correct Answer Incorrect Answer
      B 50% Correct Answer Incorrect Answer
      C 25% Correct Answer Incorrect Answer
      D 30% Correct Answer Incorrect Answer
      E 40% Correct Answer Incorrect Answer

      Solution

      As per the announcement made in the Union Budget 2022-23, any income from the transfer of any virtual digital asset shall be taxed at the rate of 30%. โ€ข The gift of a virtual digital asset is also proposed to be taxed in the hands of the recipient. โ€ข TDS on payment made in relation to transfer of virtual digital asset at the rate of 1 percent of such consideration above a monetary threshold.

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