Wednesday, 21 December 2022 / Published in Income Tax

Crypto or Digital Assets Accounting and Taxation

Effective from 01st April 2022, government has levied tax on income from virtual digital assets. Let us understand what is VDA and how it is taxed and related accounting issues. The Finance Act 2022 has brought into picture taxation of VDA by introducing Section 2(47(A) by defining what is VDA and section     by defining method