Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of virtual digital assets, a first for the nation.
30% is a big amount to take 😢 good thing that they won’t be banning it but they be like taxing it by 30%!
"There has been a phenomenal increase in transaction in virtual digital assets. The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime,"
-Sitharama
