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Government Has Passed The Finance Bill 2022 In Lok Sabha, More Tighter Norms For Crypto Tax
Posted
March 25, 2022
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296
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March 25, 2022
296
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2:35Now PlayingThe government proposed on Thursday to tighten the rules for taxing cryptocurrencies by prohibiting any losses from being offset against gains from other virtual digital assets. The ministry proposes to remove the word "other" from the section relating to set off of losses from gains in virtual digital assets, according to amendments to the Finance Bill, 2022, circulated among Lok Sabha members. This means that a loss resulting from the transfer of virtual digital assets (VDA) cannot be offset against a gain resulting from the transfer of another VDA.
#FinanceBill2022 #LokSabha #Breakingnews
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