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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Tax on virtual digital asset transfers imposes a single-rate tax and prohibits deductions and loss set-off.</h1> Income from transfer of virtual digital assets is taxed at a special rate of 30 per cent on the income from such transfers, with additional tax computed on the remaining total income after excluding that income. Except for cost of acquisition, no deductions, allowances or set-off of losses are allowed in computing the taxed virtual digital asset income; losses from such transfers cannot be set off against other income or carried forward. The statutory definition of 'transfer' applies whether the virtual digital asset is a capital asset or not.

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