Government has proposed the following specific tax regime for the industry:
● Income from transfer of any virtual digital asset to be taxed at the rate of 30 per cent,
● TDS of 1 per cent to be charged on payments made for transfer of virtual assets, above a certain monetary threshold,
● The gift of virtual digital assets is proposed to be taxed in the hands of the recipient
You can read all details about Crypto Taxation here: https://blog.coindcx.com/crypto-news-india/crypto-taxation-guide-budget-2022/