https://www.taxtmi.com/acts?id=40650 Imposes a separate taxation mechanism taxing income from transfer of virtual digital assets at a flat thirty per cent and then recalculating tax on the remaining income as if that income were excluded; disallows deductions, allowances, set-off of losses (except cost of acquisition) and carry-forward of losses for such transfers. Similarly, treats certain institutional accumulations and deemed incomes as specified income subject to a thirty per cent tax with no deductions or set-offs, and defines specified income to include excess accumulations and incomes rendered non-exempt by applicable provisions. en-us Mon, 28 Mar 2022 13:17:26 +0530 Sat, 02 Apr 2022 10:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40650 Imposes a separate taxation mechanism taxing income from transfer of virtual digital assets at a flat thirty per cent and then recalculating tax on the remaining income as if that income were excluded; disallows deductions, allowances, set-off of losses (except cost of acquisition) and carry-forward of losses for such transfers. Similarly, treats certain institutional accumulations and deemed incomes as specified income subject to a thirty per cent tax with no deductions or set-offs, and defines specified income to include excess accumulations and incomes rendered non-exempt by applicable provisions. Act-Rules F. Acts / Amendment Acts Mon, 28 Mar 2022 13:17:26 +0530 https://www.taxtmi.com/acts?id=40650