Income Tax Unchanged, 30% Crypto Tax, Infrastructure Push

Tuesday, 1 February 2022newsdesk

A push for infrastructure and a 30 per cent tax on transfer or sale of digital assets were the highlights of Finance Minister Nirmala Sitharaman's Budget 2022. Income tax rates have been kept unchanged.

New Delhi, 01 February 2022

As per news report of NDTV, the government's total expenditure has been increased by 4.8 per cent to Rs. 39.5 lakh crore. A 30 per cent tax will apply on income from the sale or acquisition of virtual and digital assets such as cryptocurrency. Taxpayers can file updated income tax returns within two years in one-time window. There is no change to Income Tax slabs.

Source - NDTV