best magazine for ias preparation

best magazine for ias preparation

best magazine for ias preparation Published this article page no 60 The Central Government by notification in the Official Gazette may include or exclude any other digital asset from the definition of virtual digital asset. Tax on income from virtual digital assets To take effect from 1 st April 2022 under Section 115BBH of the Income Tax Act any income from transfer of any virtual digital asset shall be taxed at the rate of 30%. No deductions are allowed in respect of any expenditure or allowance while computing such income except cost of acquisition. Loss from transfer of virtual digital assets cant be set off against any other income. Gain from transfer of virtual digital assets is nondeductible. Gift of virtual digital assets is also proposed to be taxed in the hands of the recipient. Payment on transfer of virtual digital asset pratiyogita darpan pdf buy.

best magazine for ias preparation