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This along with taxation of digital assets received as gifts - Rishad Manekia, Kairos Capital
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Mr. Rishad Manekia, Founder and MD, Kairos Capital
The taxation of private digital assets i.e. crypto currencies and digital gold at 30 per cent along with no deductions or setoffs is a good thing. This along with taxation of digital assets received as gifts will act as a disincentive for young investors who may be unfamiliar with this space. The taxation along with the introduction of an Indian CBDC in 2022 gives a much clearer idea about the way forward for the blockchain ecosystem in India and how the government is thinking about this space
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