King Stubb & Kasiva

Future Of Cryptocurrency in India

NFT in Finance Bill 2022 While the future of cryptocurrencies is unclear in India and many await the introduction of The Cryptocurrency and Regulation of Official Digital Currency Bill (“Crypto Bill”) with bated breath, certain changes introduced to the Income Tax Act, 1962 (“IT Act”) for these assets have brought some clarity on how they may be treated - especially from a tax angle. It's clear that Finance Bill 2022 has tax implications for those holders who have .