https://www.taxtmi.com/news?id=25249 The Bill defines virtual digital asset and establishes a dedicated tax regime: income from transfer of virtual digital assets is subject to tax at thirty per cent, with no deduction except cost of acquisition, no set off of losses against other income, and no carry forward of such losses; a parallel thirty per cent rate applies to specified incomes of certain exempt entities; the Central Government may, by notification, exclude particular digital assets from the definition. en-us Mon, 28 Mar 2022 11:33:11 +0530 Wed, 11 Feb 2026 15:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25249 The Bill defines virtual digital asset and establishes a dedicated tax regime: income from transfer of virtual digital assets is subject to tax at thirty per cent, with no deduction except cost of acquisition, no set off of losses against other income, and no carry forward of such losses; a parallel thirty per cent rate applies to specified incomes of certain exempt entities; the Central Government may, by notification, exclude particular digital assets from the definition. News - Mon, 28 Mar 2022 11:33:11 +0530 https://www.taxtmi.com/news?id=25249