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An income earned from both - legal or illegal activities – can be taxed under Income Tax Act, according to experts

As recently as last week, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey had told the Press Trust of India that India plans to list LIC by March and include the proceeds in the budget numbers.

As far as the stock market is concerned, there are a lot of positives in the budget which I think the market will appreciate as the weeks unfold, says Shankar Sharma

The Finance Minister announced taxation on gains arising from the sale of virtual assets at a flat rate of 30 per cent in her Budget speech, without any deductions to be allowed on these gains. The government also laid out the detailed provision over tax deducted at source (TDS) at a rate of 1 per cent levied on payments made on transfer of digital assets.

The clarification on the taxation of cryptocurrency was a long pending demand from the industry.

“The government has made a commitment towards a stable tax regime, towards ease of paying taxes and no news on that front is once again a reiteration of that.”

A total of 1,357,636 shares changed hands on the counter till time (IST).

As of 31-Dec-2021, promoters held 54.9 per cent stake in the company, while FIIs held 20.19 per cent and domestic institutional investors had 10.75 per cent.

The original digital coin was assailed by thousands of new "altcoin" competitors in 2021 - from solana and polkadot to litecoin and dogecoin - raising the prospect of a rapid fragmentation of the crypto market.

The Nikkei share average gained 0.28 per cent to 27,078.48, after rising as much as 1.5 per cent earlier in the session. The broader Topix inched up 0.01 per cent to 1,896.06.