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Virtual digital assets and complex world of tax compliance

The Finance act 2022 introduced section 115BBH and it will be applicable from AY 2023-24. The section provides that the income on the transfer of the virtual digital asset (VDA) will be taxable at the rate of 30 percent. The taxpayer cannot take the deduction in respect of any expenditure other than the cost of […]

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Virtual digital assets and complex world of tax compliance

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