Virtual digital asset definition expanded to include tokens and NFTs, with government power to exclude assets by notification.

The amendment replaces "sales" with transfer in the slump sale definition, effective retrospectively from April first, and inserts a new virtual digital asset definition covering tokens or other digital representations of value (excluding Indian or foreign currency), non-fungible tokens, and other digital assets as notified by the Central Government, while permitting the Government to exclude specified digital assets by notification; explanatory provisions permit specification of non-fungible tokens and adopt currency definitions from the foreign exchange statute.

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