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    Question

    The income from the transfer of digital assets shall be taxed at ______?

    A 15% Correct Answer Incorrect Answer
    B 50% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 30% Correct Answer Incorrect Answer
    E 40% Correct Answer Incorrect Answer

    Solution

    As per the announcement made in the Union Budget 2022-23, any income from the transfer of any virtual digital asset shall be taxed at the rate of 30%. • The gift of a virtual digital asset is also proposed to be taxed in the hands of the recipient. • TDS on payment made in relation to transfer of virtual digital asset at the rate of 1 percent of such consideration above a monetary threshold.

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