2022 June
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Notification on the definition of virtual digital asset, prescribes list of excluded assets and defines non-fungible tokens
- June 30, 2022
- Posted by: CA Sudha G. Bhushan
- Category: Finance & accounting
No Comments
The CBDT on June 30, 2022 vide Notification no. 75-2022 has specified a token which qualifies to be a virtual digital asset as non fungible token.
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Notification on the definition of virtual digital asset, prescribes list of excluded assets and defines non-fungible tokens
- June 30, 2022
- Posted by: CA Sudha G. Bhushan
- Category: Finance & accounting
The CBDT on June 30, 2022 vide Notification no. 74-2022 has notified following virtual digital assets which shall be excluded from the definition of virtual digital asset.
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Guidelines to remove difficulties for deduction of tax under Section 194R
- June 22, 2022
- Posted by: CA Sudha G. Bhushan
- Category: Finance & accounting
Finance Act 2022 inserted a new section 194S in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July 2022.
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Guidelines to remove difficulties for deduction of tax at source on transfer of virtual digital asset
- June 16, 2022
- Posted by: CA Sudha G. Bhushan
- Category: Finance & accounting
Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July 2022. The new section mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax
