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It is the suggestion of the Securities and Exchange Board of India (SEBI) to regulate crypto trading platforms by the RBI under the Foreign Exchange Management Act (FEMA). (Statement c is incorrect). Position of the Indian government on Cryptocurrency: Definition for crypto assets: The government in the Union Budget for 2022-23 has for the first time provided a definition for crypto-assets and set out a list of proposals on the taxation of this new asset class. Coverage: The tax proposal covered all emerging digital assets, including non-fungible tokens (NFTs), assets in the metaverse, digital currencies and tokens, among others. Tax deducted at source: The Budget also said a 1% TDS (tax deducted at source) will be applicable on payments made on the transfer of digital assets. Loss from the transfer of virtual digital assets - It will not be allowed to be set off against the income arising from the transfer of another VDA in the proposed amendments. 30 percent tax on income: The government will define virtual digital assets with a view to levying a 30 percent tax on income from all transfers of such assets.
Calculate the average age of inventory(Assume 360 days in a year):
A company follows the accrual basis of accounting and recognizes revenue when the goods are dispatched, not when cash is received. However, in its final...
Which person can be appointed as an agent?
Ind AS 7 deals with which of the following:
What is the CAPM?
Project A has cash flows of ₹-10 lakh (initial), ₹3L, ₹4L, ₹5L over 3 years. Project B has the same initial investment but generates ₹6L, ₹4...
According to section 63 of Companies Act 2013, which of the following cannot be used for issue of bonus shares?
Which Ind AS deals with Revenue from Contracts with Customers?
The point of tangency between efficient frontier and risk-return indifferences curve depicts:
Application for cancellation of registration shall be submitted electronically in Form ______.