https://www.taxtmi.com/article/detailed?id=10275 A dedicated tax regime treats transfers of broadly defined virtual digital assets as taxable, permitting only cost of acquisition as a deduction and disallowing set off or carry forward of losses; income from such transfers is computed separately and taxed at a special rate. A withholding obligation on payers applies to payments for virtual digital assets, with specified exemptions and thresholds, coverage of payments in kind and suspense account credits, and provision for administrative guidelines to address implementation difficulties. en-us Thu, 17 Feb 2022 13:21:07 +0530 Thu, 17 Feb 2022 13:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10275 A dedicated tax regime treats transfers of broadly defined virtual digital assets as taxable, permitting only cost of acquisition as a deduction and disallowing set off or carry forward of losses; income from such transfers is computed separately and taxed at a special rate. A withholding obligation on payers applies to payments for virtual digital assets, with specified exemptions and thresholds, coverage of payments in kind and suspense account credits, and provision for administrative guidelines to address implementation difficulties. Articles Income Tax Thu, 17 Feb 2022 13:21:07 +0530 https://www.taxtmi.com/article/detailed?id=10275