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India To Impose Tax Of 30% On Purchase Of Digital Currency From April

NEW DELHI:  Indian Finance Minister Nirmala Sitharaman said on Tuesday they  will impose a tax on the purchase of cryptocurrencies in the amount of 30% starting April 1 after the adoption of the country’s budget in the parliament,

“India Minister told lawmakers, I  propose to provide that any income from the transfer of any virtual digital asset will be taxed at a rate of 30%. In calculating such income, no deductions are allowed for any expenses or benefits other than the acquisition cost,”

Remeber Pakistan Goverment Has been Imposed Ban On Digital Currency (Cryptocurrency) Business And Trade , As By the Government Statement Cryptocurrency Is Considering to be “a tool for money laundering

As per the FIA Several applications have stopped working over a period of time and have defrauded Pakistani people of billions of rupees”

 

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