Taxation of Virtual Digital Asset
This query is : Resolved
16 July 2022
If my income in Crypto Virtual Digital Asset is upto 5 lakhs per annum and which is short term in nature, do i still need to pay 30% tax on the income earned upto 5 lakhs? Is Rebate u/s 87A applicable to income solely comprising of income from Virtual Digital Asset??
16 July 2022
1. Yes u/s. 115BBH, it will be taxed at flat 30% rate without any deduction.
2. Rebate u/s. 87A can be claimed.
2. Rebate u/s. 87A can be claimed.
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