Can heavy tax adversely affect the crypto investment in India?
Crypto tax:1% TDS is making the traders, investors, exchanges and other people engaged in this market worried
Crypto investors in India were waiting impatiently for clarity on how the government plans to tax these assets. In Budget 2022, Finance Minister Nirmala Sitharaman announced that India will tax all “virtual digital assets" at 30% from April 1. Analysts see the 1% TDS (tax-deductible at source) applicable to every single transaction involving crypto as a problem.
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