News > Budget 2022: Govt proposes 30% tax on digital assets, netizens react with memes

Budget 2022: Govt proposes 30% tax on digital assets, netizens react with memes

Headlines Today | 01/02/2022 06:28 PM | Click to read full article

While presenting the Union Budget, Nirmala Sitharaman proposed a reduction in corporate surcharge and said that the transfer of any virtual digital asset shall be taxed at the rate of 30%

While most people were expecting some income tax relations, the unexpected news about tax on cryptocurrencies and digital assets left all perplexed. As most crypto currency investors tried to get a better understanding, memes took over on Twitter, with people lamenting and poking fun seeing high rates.