Indians will begin paying a capital gains tax of 30% on crypto transactions in just one week after Parliament passed a controversial tax proposal on Friday, sparking uproar and disappointment among those in the country's crypto industry. In addition to the capital gains tax, Indians buying or selling crypto will have to pay a 1% tax deducted at source (TDS), as well as taxes on crypto gifts, with no ability to take deductions for losses. The crypto taxes will come into effect on April 1, while the TDS will start on July 1. Google has filed a trademark application for “Non-Fungible Planet,” although it appears the company’s project has little to do with crypto tokens. Outlined in the March 21 filing is an educational campaign aimed at “providing information in the areas of environmental protection, conservation, energy efficiency, climate change, reducing carbon footprints, environmental issues and sustainability efforts,” according to the filing. Technology giant Qualcomm (QCOM) has set up a $100 million fund to invest in developers and companies building metaverse infrastructure. The Snapdragon Metaverse Fund is designed to help unlock the next generation of spatial computing, Qualcomm announced on Monday. The fund will target developers building immersive extended reality (XR) experiences in areas such as gaming, health, education and entertainment.
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