Striking feature of budget 2023 is that government attempted to make new tax regime attractive to pursue taxpayers to switch to new tax regime
Understanding Equalisation Levy and its impact on the digital economy. Learn about the challenges and regulations surrounding this direct tax in India.
Before, the Finance Bill, 2022, the income earned from cryptocurrencies was taxable either under the head of ‘Income from Capital Gains’ or Income from Other Sources’ for a person who was dealing in cryptocurrency for the purpose of investment and under the head of ‘Income from Business/Profession’ for a person who was engaged in the trading of the same.
