https://www.taxtmi.com/acts?id=40496 Section 115BBH prescribes an aggregate tax: a fixed-rate tax on income from transfer of virtual digital assets plus tax on remaining income after excluding that transfer income, and disallows deductions (except cost of acquisition), set-off of losses and carry forward for such transfer losses. Section 115BBI applies a parallel aggregate tax to defined "specified income" of certain institutions, disallowing deductions, allowances and set-off of losses; specified income is defined to include excess accumulations, deemed incomes and incomes excluded from exemption under charitable provisions. en-us Tue, 01 Feb 2022 15:00:22 +0530 Tue, 01 Feb 2022 15:01:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40496 Section 115BBH prescribes an aggregate tax: a fixed-rate tax on income from transfer of virtual digital assets plus tax on remaining income after excluding that transfer income, and disallows deductions (except cost of acquisition), set-off of losses and carry forward for such transfer losses. Section 115BBI applies a parallel aggregate tax to defined "specified income" of certain institutions, disallowing deductions, allowances and set-off of losses; specified income is defined to include excess accumulations, deemed incomes and incomes excluded from exemption under charitable provisions. Act-Rules Bills Tue, 01 Feb 2022 15:00:22 +0530 https://www.taxtmi.com/acts?id=40496