Question
Which of the following is the status of
Crypto-currencies in India?Solution
The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30% I-T plus cess and surcharges, will be levied on such transactions in the same manner as it treats winnings from horse races or other speculative transactions. The Budget 2022-23 also proposed a 1% TDS on payments towards virtual currencies beyond Rs 10,000 in a year and taxation of such gifts in the hands of the recipient. The threshold limit for TDS would be Rs 50,000 a year for specified persons, which include individuals/HUFs who are required to get their accounts audited under the I-T Act. The provisions related to 1% TDS will come into effect from July 1, 2022, while the gains are taxed effective April 1.
Which of the following has recently been added to the UNESCO list of intangible cultural heritages of humanity
In case of mutually exclusive projects and when NPV and IRR giving conflicting results, go for the project having higher IRR
When is Indian Organ Donation Day observed to promote awareness about organ donation and commemorate the generosity of donors?
Which instrument is predominantly used in the music of the Bauls?
RBI can issue any amount of notes on the basis of reserves maintained in the form of
Which country is also known as the land of pagodas?
Who was the first Indian bodybuilder to win the Mr.Universe title?
Nahar Wildlife Sanctuary is located in which state of India?
Which Indian city will soon get its first robocop?
Which of the following is not a member of SAARC (South Asian Association for Regional Corporation)?
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