Don’t ban it, tax it.

ll 🙏🏻 नमस्ते 🙏🏻 ll

Heading kuch अलग 🤔 है ना? but taxing is the solution that our Finance Minister Nirmala Sitaraman finds. Great step indeed to discourage the use of crypto, digital assets rather than banning them. India 🇮🇳 एक developing और emerging economy है l Current trends और technology 👨‍💻 को encourage karna हमारा काम है l So that government takes a magnificent step by allowing trading under digital assets. But यह digital asset hota क्या है? आइए जानते है: –

What are digital assets?

Government of India ने digital assets ki koi definition till date nahi बताई है l But in general, we can say that a Digital Asset is anything that exists in a digital format and comes with the right to use. आसान भाषा में देखें तो NFTs, Cryptos.

समझो हम कोई land 🌄 purchase करते हैं in physical mode, which is treated as an asset. This means we can sell it any time, build our home 🏡 on it, can mortgage it. Take one more example of Gold, we can use it, wear it, sell it, or keep it, that is treated as an asset. Same if we buy Cryptos or NFTs that will be treated as digital assets. Which we can sell it, mortgage it, basically we can use every right of assets. बस Digital Assets यह digital form मे होगी, जिसका existence सिर्फ digitally होगा l

What are the steps taken toward Digital Assets?

Digital Assets will be taxed at 30 percent जो हमारे income tax ke highest slab के बराबर है l इसका मतलब यह है, jo bhi aapko transaction me gain hoga उसमेंसे 30% as tax aapko Government of India ko देना होगा l

No Deduction is to be allowed except the cost of acquisition. Let’s take an example, suppose आपने ₹1000 ke crypto purchase kiye the 2021 aur abhi 2022 me uski value ₹1500 हो गई l ₹500 aapko profit हुआ l So from that profit you are not allowed to deduct anything for tax payment. आपको ₹500 मे से 30% deduct karke aapko government ko देना होगा l Aap aapke expenditures उसमे add नही कर सकते like electricity used for that transaction, internet charges, etc.

Loss from sales of digital assets can be set off only against the gains from sales of virtual digital assets. It simply means अगर आपको digital assets me koi bhi loss hua to वह loss aapko digital assets ke transaction पे हुए gain se settle करना होगा l

Gift 🎁 to be taxed in the hand of the recipient. जो person gift ko accept करेगा वह tax ko pay करेगा l Normally agar hamne koi physical asset kisi ko gift kiyi तो gift receiver को यह tax pay karna होता है l

TDS rate for transfer of virtual digital assets at the rate of 1%. Jisme crypto exchanges और digital assets ke exchange ko proper accounts 📑 रखना होगा और उसमे TDS ki provision करनी होगी l

The budget also made way for the ‘digital rupee’ — a central bank digital currency (CBDC) जो Reserve Bank of India (RBI) 🏦 run करेगी l In the post-budget press conference, Nirmala clarified that the CBDC will be treated as a currency while all other cryptocurrencies will be treated, which are not controlled by the RBI, will be taxed at 30%.

Overall, however, Industry is move को welcome कर रही है l “It gives much-needed clarity and confidence to the industry.” Said CoinDCX CEO and Co-founder Sumit Gupta.

Hope you like this article. We will bring more articles related to finance and economics this month.

तब तक happy reading.

ll 🙏🏻 धन्यवाद 🙏🏻 ll

– j₹k

+9

2,973 Comments

hoki 777 · May 26, 2023 at 4:39 PM

I like this web site its a master peace ! Glad I discovered this on google .

0

slot gacor malam ini · May 26, 2023 at 4:37 PM

I went over this internet site and I conceive you have a lot of fantastic information, bookmarked (:.

0

pxj com · May 26, 2023 at 3:57 PM

I don’t usually comment but I gotta tell regards for the post on this great one : D.

0

Bangkok situs slot online paling terpercaya,Deposit pulsa tanpa potongan · May 26, 2023 at 2:51 PM

Great web site. Lots of useful information here. I am sending it to some friends ans also sharing in delicious. And of course, thank you on your effort!

0

betflik789 เข้าสู่ระบบ · May 26, 2023 at 2:24 PM

I like this site because so much utile material on here : D.

0

slot gacor · May 26, 2023 at 1:36 PM

I genuinely enjoy reading on this website , it has great posts. “A man of genius has been seldom ruined but by himself.” by Samuel Johnson.

0

slot maxwin hari ini · May 26, 2023 at 1:14 PM

I was recommended this website through my cousin. I am now not certain whether this submit is written through him as no one else recognise such certain about my problem. You are wonderful! Thanks!

0

บาคาร่า1688 · May 26, 2023 at 12:41 PM

What i don’t realize is in truth how you’re not actually a lot more well-preferred than you might be now. You’re very intelligent. You understand therefore considerably when it comes to this subject, made me in my view imagine it from a lot of various angles. Its like women and men don’t seem to be interested until it is something to accomplish with Woman gaga! Your individual stuffs nice. At all times maintain it up!

0

slot online · May 26, 2023 at 12:03 PM

The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.

0

เว็บบาคาร่า · May 26, 2023 at 11:49 AM

Hello very cool site!! Man .. Beautiful .. Wonderful .. I’ll bookmark your website and take the feeds additionally?KI’m satisfied to search out so many useful information right here within the put up, we want develop extra techniques on this regard, thank you for sharing. . . . . .

0

slot gacor maxwin · May 26, 2023 at 11:00 AM

Great write-up, I¦m regular visitor of one¦s website, maintain up the excellent operate, and It’s going to be a regular visitor for a lengthy time.

0

ลูก้าเบท168 · May 26, 2023 at 9:48 AM

I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

0

rtpbangkok188 · May 26, 2023 at 8:41 AM

Its great as your other posts : D, thankyou for putting up.

0

UFA365 ทางเข้า · May 26, 2023 at 8:34 AM

I really like your writing style, good information, appreciate it for putting up : D.

0

betflix · May 26, 2023 at 6:41 AM

I have been surfing on-line greater than 3 hours nowadays, yet I never discovered any attention-grabbing article like yours. It¦s lovely price sufficient for me. Personally, if all webmasters and bloggers made good content material as you probably did, the web will probably be a lot more helpful than ever before.

0

จีคลับ88888 · May 26, 2023 at 6:39 AM

Hello. impressive job. I did not anticipate this. This is a fantastic story. Thanks!

0

sagame · May 26, 2023 at 5:17 AM

Thanks for sharing excellent informations. Your web site is very cool. I am impressed by the details that you have on this website. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found simply the info I already searched all over the place and simply couldn’t come across. What an ideal website.

0

pg slot auto · May 26, 2023 at 3:48 AM

Youre so cool! I dont suppose Ive read anything like this before. So nice to search out any individual with some authentic ideas on this subject. realy thanks for starting this up. this web site is one thing that is wanted on the net, somebody with slightly originality. helpful job for bringing one thing new to the internet!

0

เบทฟิก789 · May 26, 2023 at 1:41 AM

Some really interesting info , well written and generally user genial.

0

cheap air conditioning alternative · May 26, 2023 at 1:35 AM

I really like your writing style, good information, regards for posting : D.

0

Leave a Reply

Your email address will not be published. Required fields are marked *

You cannot copy content of this page