Central Government specifies a token which qualifies to be a virtual digital asset as non-fungible token - 75/2022 - Income Tax

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Non-fungible token designation clarifies which tokens qualify as virtual digital assets, excluding transfers that convey enforceable tangible ownership. Specification designates tokens as non-fungible token virtual digital assets for income-tax classification but excludes tokens whose transfer effects a legally enforceable transfer of ownership in an underlying tangible asset; the notification takes effect upon publication in the Official Gazette.

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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.

Non-fungible token designation clarifies which tokens qualify as virtual digital assets, excluding transfers that convey enforceable tangible ownership.

Specification designates tokens as non-fungible token virtual digital assets for income-tax classification but excludes tokens whose transfer effects a legally enforceable transfer of ownership in an underlying tangible asset; the notification takes effect upon publication in the Official Gazette.

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Central Government specifies a token which qualifies to be a virtual digital asset as non-fungible token - 75/2022 - Income Tax

Non-fungible token designation clarifies which tokens qualify as virtual digital assets, excluding transfers that convey enforceable tangible ownership.

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Central Government specifies a token which qualifies to be a virtual digital asset as non-fungible token - 75/2022 - Income Tax

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Non-fungible token designation clarifies which tokens qualify as virtual digital assets, excluding transfers that convey enforceable tangible ownership.

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