Time to shift funds from crypto to mutual funds or stocks before March 31?

Cryptocurrencies will now be taxed in India. The new tax laws on crypto and other digital assets will come into effect from 1 April 2022. Presenting the Union Budget 2022-23 in the Lok Sabha, Finance Minister Nirmala Sitharaman said the transfer of digital assets will attract a 30 per cent tax. Additionally, all transfers of such assets will attract 1 per cent tax deducted at source (TDS). In her Budget speech on 1 February, Sitharaman said gifts received in the form of cryptocurrencies will also be taxed at the same rate.  

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