Indian Government Announces 30 % Tax On Transfer Of Crypto Assets, Here’s What The Industry Thinks
- Feb 2, 2022
- 1 min read
Focus on fine print to understand definition: Rajat Prakash, Managing Partner, Athena Legal, believes the proposed tax regime to be a step forward in removing uncertainty and ambiguity with respect to trading. “However, one would need to read the fine print especially the definition of virtual digital assets to understand the exact implications of the announcement,”
It's interesting that Rajat Prakash from Athena Legal points out the need to read the fine print on the definition of virtual digital assets. The 30% tax announcement is a big step, but understanding those details will be key for the industry. For anyone trying to visualize the new rules, a tool like grid maker might help organize the information.
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