technology medium Fill in the Blank

The Indian tax provision that imposes 30% tax on income from virtual digital assets is Section ________ of Income Tax Act.

  1. 800-207
  2. 1,00,000
  3. 194S
  4. 115BBH

Answer: 115BBH

Section 115BBH (introduced FY 2022-23) taxes crypto income at 30% plus cess, with 1% TDS on transactions. No loss offset allowed. Critical for crypto taxation compliance questions.

Topic Crypto Regulation
Exam Relevance Banking, SSC, UPSC
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