News > 'Crypto tax': India imposes 30 per cent tax on income from digital assets

'Crypto tax': India imposes 30 per cent tax on income from digital assets

ANI News | 01/02/2022 09:00 PM | Click to read full article

India’s crypto tax regime is finally here! The Government has taken a conservative stand on the taxation of crypto assets by announcing a flat 30% on income from such income. 

Noting the phenomenal increase in transactions in “virtual digital assets”, Finance Minister Nirmala Sithraman said the magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.