This would mean that any NFT bought could become dearer by a few percentage points. The tax department is set to slap a 2% equalisation levy on these transactions. Also, the indirect tax department would seek that the exchanges pay GST on the transaction value, say insiders.
Tax consultants challenge constitutional validity of Faceless Appeal Scheme in Bombay HC
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Govt To Amend Income Tax Act To Nullify Retrospective Tax Demands
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Indian proposal aims to settle tax disputes with global firms
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Govt junks the retrospective tax law - The Hindu BusinessLine
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