From India's WION, March 28:
As revealed in the Union Budget, profits from trading in crypto and other virtual assets such as non-fungible tokens (NFTs) will be taxed at a flat 30% rate beginning in April.
This would apply to all virtual digital assets (VDA) and their earnings from Bitcoin to non-fungible tokens (NFTs).
Furthermore, for every transaction involving crypto and other virtual assets, 1% of tax will be deducted at source (TDS).
For example, if a crypto investor buys crypto for Rs 10,000 and sells it for Rs 15,000, netting a profit of Rs 5,000, the investor will face a 30% tax on the profit....
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