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- Crytocurrency tax: How will the Budget 2022 rules impact crypto investors?
India has seen an unprecedented growth in the number of crypto investors as Bitcoin skyrocketed to an all-time high. On February 1, 2022 the Union Budget introduced a special provision to tax profits from cryptocurrency?investing, removing any ambiguity on how such gains must be treated.
Against this backdrop, Nishant Shah, Partner, Economic Laws Practice (ELP) has explained how the provisions work:
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