The Indian tax provision that imposes 30% tax on income from virtual digital assets is Section ________ of Income Tax Act.
- 800-207
- 1,00,000
- 194S
- 115BBH
Answer: 115BBH
Section 115BBH (introduced FY 2022-23) taxes crypto income at 30% plus cess, with 1% TDS on transactions. No loss offset allowed. Critical for crypto taxation compliance questions.