Mayuri Jain (@mayuri_jain) 49 Followers 1m

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Crypto Space 79 1

Launch Of Own Digital Currency Shows Govt Not Willing To Permit Cyptos: Sundara Rajan

Reacting after the Budget, Sundara Rajan TK, Partner at DVS Advisors LLP, said: “The clarity on tax of digital assets is long due and was expected to be provided this year. The announcement of tax at 30% on digital asset, coupled with the government launching its own digital currency, is an indication that the government intends to discourage the same and would intend that only the HNIs make such investments and that the government shall not permit cryptos as currency. The caping of surcharge at 15% is welcome and though no separate relief was given to HNIs, this would also be favourable to such HNIs with high capital gains income.”

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