(This column first appeared in Business Insider on March 21, 2022)
- From April this year, cryptocurrency gains will be taxed at 30% – which is the highest tax bracket, and the same rate as lottery winnings. This would apply to all “virtual digital assets,” right from Bitcoin to NFT and related earnings. By contrast, the tax rate on stock trading can range from zero (if filed as business income based on tax slab) to 15% (if filed as short-term capital gain)…