https://www.taxtmi.com/acts?id=40625 Section 2 of the Income-tax Act is amended to (a) recognise evidentiary forms in electronic and digital formats; (b) replace the word "sales" with "transfer" in clause (42C) with effect from 1 April 2021; and (c) insert clause (47A) defining virtual digital asset to include cryptographically generated information, codes, numbers or tokens (excluding Indian and foreign currency), non-fungible tokens, and other digital assets as may be specified or excluded by Central Government notification. en-us Mon, 28 Mar 2022 13:07:01 +0530 Mon, 28 Mar 2022 14:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40625 Section 2 of the Income-tax Act is amended to (a) recognise evidentiary forms in electronic and digital formats; (b) replace the word "sales" with "transfer" in clause (42C) with effect from 1 April 2021; and (c) insert clause (47A) defining virtual digital asset to include cryptographically generated information, codes, numbers or tokens (excluding Indian and foreign currency), non-fungible tokens, and other digital assets as may be specified or excluded by Central Government notification. Act-Rules F. Acts / Amendment Acts Mon, 28 Mar 2022 13:07:01 +0530 https://www.taxtmi.com/acts?id=40625