30% crypto tax becomes law in India following Finance Bill approval
India’s new crypto tax policy is based on its gambling and lottery ticket win tax rules, that is set to come into effect from April 1. The Indian Finance Bill 2022 with new 30% crypto tax rules was approved by the Rajya Sabha, the upper house of the Indian parliament, to make it a law today that will come into effect starting on April 1.The approval of the bill by the upper house of the parliament comes within a week of the lower house (Lok Sabha) approval.The Finance Bill was introduced during the budget session 2022-23 of the parliament in January. The Finance Bill amended tax rules to....
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