Q.3 What is DeFi (Decentralised Finance)? What are the implications of levying high tax on gains made from the transfer of cryptocurrencies and NFTs (Non-Fungible Tokens)? (10 Marks)

Mentor’s comment- https://www.thehindu.com/opinion/op-ed/after-the-budgets-crypto-signal-india-awaits-reforms/article65055762.ece In the intro, mention 30% flat tax rate on gains from crypto and NFTs. In the body, … Continue reading Q.3 What is DeFi (Decentralised Finance)? What are the implications of levying high tax on gains made from the transfer of cryptocurrencies and NFTs (Non-Fungible Tokens)? (10 Marks)