Question

The union budget levies _____ tax on cryptocurrency assets in India?

Q: Answer-The union budget levies _____ tax on cryptocurrency assets in India?

In the Budget allocation of 2022, the finance minister announced that transfer of any cryptocurrency asset will be taxed at 30. No deduction except cost of acquisition will be allowed and no loss in transaction will be allowed to be carried forward.

A 20%

B 40%

C 15%

D 30%

E 25%

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The union budget levies _____ tax on cryptocurrency assets in India?

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