scorecardresearchDealing in NFTs? 3 indirect taxes you must know

Dealing in NFTs? 3 indirect taxes you must know

Updated: 06 Sep 2022, 01:52 PM IST
TL;DR.
NFTs are largely unregulated. One can create and sell a NFT and there is no guarantee of its value. There is a huge scope of losses if the hype and craze dies down. Simultaneously, taxation on NFTs is an ambiguous area.
An NFT is a digital asset that exists on a blockchain, allowing anyone to verify its authenticity and ownership

An NFT is a digital asset that exists on a blockchain, allowing anyone to verify its authenticity and ownership