Tag: Nirmala Sitharaman
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UPI recorded 1 lakh Cr in transactions values last year
The state-owned Unified Payments Interface (UPI) has crossed Rs 1 Lakh crore mark in transactions values for 2021-22. According to the National Payments Corporation of India (NPCI), UPI recorded transactions worth Rs 83.45 lakh Crore in 2021-22, Rs 504 crore transactions alone in March. It recorded a surge of 7.5 per cent from the previous…
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Crypto users will be charged 30% taxes on Digital Assets from April
Finance Minister Nirmala Sitharaman, in the 2022-23 Budget Speech, had announced a 30 per cent tax on gains from crypto-currencies from the Financial year 2022-23. As per the founder of WazirX, with almost ten million users, India’s Crypto market amounted to $100 billion in trading volume in 2021. Hence, the new tax regime will yield…