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04Mar 2025
India Classifies Virtual Digital Assets as Taxable Property
Why in the News? The Income Tax Bill, 2025 officially classifies Virtual Digital Assets (VDAs) as property and capital assets, subjecting them to capital gains tax, 30% income tax on transfers, and 1% TDS, aligning India’s crypto taxation with global standards. About VDAs as Property and Capital Assets: The Income Tax Bill, 2025 explicitly classifies …
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