Taxation of Virtual Digital Assets – Section 115BBH - Income Tax - Ready Reckoner - Income Tax

..... angible assets and the transfer of ownership of such underlying tangible asset is legally enforceable. Following shall not be treated as VDA- Gift Card or vouchers, being a record that may be used to obtain goods or services or a discount on goods or services; Mileage points, reward points or loyalty card, being a record given without direct monetary consideration under an award, reward, benefit, loyalty, incentive, rebate or promotional program that may be used or redeemed only to obtain .....

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Taxation of Virtual Digital Assets Section 115BBH - Income Tax - Ready Reckoner - Income Tax

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..... spect of any expenditure (other than cost of acquisition, if any) or allowance or set off of any loss shall be allowed to the assessee under any provision of this Act in computing the income referred to in clause (a) section 115BBH(1) ; and no set off of loss from transfer of the virtual digital asset computed under clause (a) of section 115BBH(1) shall be allowed against income computed under any provision of this Act to the assessee and such loss shall not be allowed to be carried forward t .....

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Taxation of Virtual Digital Assets Section 115BBH - Income Tax - Ready Reckoner - Income Tax

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