New rule will be applicable on crypto investment!!!
New rule will be applicable on crypto investment!!!
There was a constant apprehension in the minds of investors regarding cryptocurrency whether it has been approved by the indian government or not. It is to be known that during the budget session, Finance minister Nirmala Sitharaman had said that the government will deduct 30 percent tax on the income earned from investing in cryptocurrencies. After this statement, where investors started thinking that the government has approved to regulate crypto. At the same time, now in the Lok Sabha, minister of State for Finance Pankaj Chaudhary has ruled out the possibility of creating a regulatory authority for crypto investment.
New rule: For those who invest in crypto, the government will implement a new rule from april 1, 2022. That is, from april 1, 30 percent tax will start on the profits made on crypto. Along with this, advertisements of crypto will also be strictly enforced. Action will be taken against advertisements that are tempting crypto and misleading investors.
There was a constant apprehension in the minds of investors regarding cryptocurrency whether it has been approved by the indian government or not. It is to be known that during the budget session, Finance minister Nirmala Sitharaman had said that the government will deduct 30 percent tax on the income earned from investing in cryptocurrencies. After this statement, where investors started thinking that the government has approved to regulate crypto. At the same time, now in the Lok Sabha, minister of State for Finance Pankaj Chaudhary has ruled out the possibility of creating a regulatory authority for crypto investment.
New rule: For those who invest in crypto, the government will implement a new rule from april 1, 2022. That is, from april 1, 30 percent tax will start on the profits made on crypto. Along with this, advertisements of crypto will also be strictly enforced. Action will be taken against advertisements that are tempting crypto and misleading investors.