https://www.taxtmi.com/acts?id=40759 Income from transfer of virtual digital assets is taxed at a special rate of 30 per cent on the income from such transfers, with additional tax computed on the remaining total income after excluding that income. Except for cost of acquisition, no deductions, allowances or set-off of losses are allowed in computing the taxed virtual digital asset income; losses from such transfers cannot be set off against other income or carried forward. The statutory definition of "transfer" applies whether the virtual digital asset is a capital asset or not. en-us Tue, 29 Mar 2022 10:36:46 +0530 Thu, 19 Jun 2025 12:48:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40759 Income from transfer of virtual digital assets is taxed at a special rate of 30 per cent on the income from such transfers, with additional tax computed on the remaining total income after excluding that income. Except for cost of acquisition, no deductions, allowances or set-off of losses are allowed in computing the taxed virtual digital asset income; losses from such transfers cannot be set off against other income or carried forward. The statutory definition of "transfer" applies whether the virtual digital asset is a capital asset or not. Act-Rules Income Tax Tue, 29 Mar 2022 10:36:46 +0530 https://www.taxtmi.com/acts?id=40759