Question

The income from the transfer of digital assets shall be taxed at ______?

Q: Answer-The income from the transfer of digital assets shall be taxed at ______?

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. The gift of a virtual digital asset is also proposed to be taxed in the hands of the recipient. 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.