Budget 2024: Angel-Tax Abolished For All Tax Classes; Crypto Tax Remains Unchanged By Nirmala Sitharaman

Quick Summary:

However, the rules for one sector remained unchanged and that is the controversial cryptocurrency sector.

Capital gains taxation will also see simplification under the new regime.

The Bharat Web3 Association (BWA) has been requesting a reduction of the tax from 1% to 0.01% since it was introduced two years ago.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United StatesIndia

Topics: News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 10:01:58 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21749274

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 11 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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