Crypto Taxation in Budget 2022 Live Updates, Union Budget 2022 Cryptocurrency Taxation Live News: Budget expected to bring clarity on crypto tax.
Cryptocurrency Tax News in Union Budget 2022 Live Updates: Cryptocurrency experts and investors are expecting clarity on taxation of gains from crypto assets in Budget 2022. Some experts believe that Finance Minister Nirmala Sitharaman may not touch upon the cryptocurrency issue directly in her Budget Speech 2022. However, some announcements related to crypto tax are expected to be made by the Finance Minister.
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According to Principal Principal Economic Adviser Sanjeev Sanyal, the Government will take a balanced view on cryptocurrencies. Meanwhile, the Economic Survey 2022 tabled in the Parliament on Monday (January 31, 2021) did not talk about cryptocurrency or Blockchain. It is also highly unlikely that Cryptocurrency Regulation Bill will be introduced in the Parliament in the ongoing Budget Session.
“As you know, this is a matter of some debate, both inside the government, in the Ministry of Finance, and even in Parliament. So, this is something that is currently in discussion…There are some financial stability issues. But there are also other arguments that are made in terms of innovation and so on….obviously a balanced view on this will be taken,” Sanyal was quoted as saying by PTI.
Stay tuned for all updated on cryptocurrency and crypto taxation from Budget 2022
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