19th August 2021 (4 Topics)
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Taxation on Non-Fungible Tokens (NFT)
What is Non-fungible token? Elaborate its implications on digital ownership.(250 words)
Approach:
- In the introduction, provide definition of Non-fungible tokens (NFT).
- Using a diagram/ points explain the impact of NFT on digital ownership.
- Enumerate uses of NFT. Eg. Digital Art
- Conclusion
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