Investing
VDA (Virtual Digital Asset) — Meaning
Crypto, NFTs and similar assets, taxed at a flat 30% with no loss set-off and 1% TDS.
What is VDA (Virtual Digital Asset)?
Virtual Digital Assets include cryptocurrencies, NFTs and other notified digital tokens. Income on their transfer is taxed at 30% plus cess under Section 115BBH, only the cost of acquisition is deductible, and losses can't be set off against any income or carried forward. A 1% TDS applies on transfers under Section 194S above thresholds. VDA transactions are reported trade by trade in Schedule VDA of the ITR.
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More Investing terms
RSU (Restricted Stock Unit)
Employer shares granted on a vesting schedule, taxed as salary on vesting and as capital gains on sale.
F&O Turnover
For tax audit purposes, the total of absolute profits and losses on each futures and options trade.
Speculative Income
Income from transactions settled without delivery — mainly intraday equity trading.
STT (Securities Transaction Tax)
A tax on buying and selling listed securities on stock exchanges, a condition for concessional capital gains rates.
