Income Tax Act Classification
The Income Tax Act, 2025 introduced a specific term to categorize assets such as cryptocurrencies and tokenized assets.
New Asset Concept Identification
This new classification aims to bring these digital assets under the purview of the tax law.
The concept defined by the Act for these assets is Virtual Digital Assets.
This aligns with Option B.
Important Questions from Economic and Financial Affairs
As per the Union Budget 2021-22, the government plans to continue on the path of fiscal consolidation, achieving a fiscal deficit level below 4.5% of GDP by ______.
- The National Rail Plan announced in the Union Budget of 2021-22 aims to create a future ready railway system by which of the following years?
As per the Economic Survey 2021, in which of the following states did the proportion of households that had health insurance decrease by 12% from 2015-16 to 2019-20?
As per Economic Survey 2020-2021, India’s real GDP is estimated to grow by ______ in financial year 2021-22.
As per the Economic Survey of India 2020-21, India is expected to have a Current Account Surplus of ______ GDP in FY21.
