Economics · Income Tax

Under the Indian Union Budget provisions for Virtual Digital Assets (VDAs), the tax regulations on crypto assets result in which of the following?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Attracting a 30% tax on the transfer of any virtual digital/crypto asset.✓
2Allowing standard deductions for mining infrastructure expenses.
3Permitting deduction of business expenditure other than the cost of acquisition.
4Complete exemption from tax for long-term capital gains.

Correct answer

Attracting a 30% tax on the transfer of any virtual digital/crypto asset.

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