India’s Crypto Tax Takes Effect With Industry Fearing it Will ‘Stifle Growth’
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India’s controversial 30% tax on cryptocurrency profits have come into effect ahead of a planned additional 1% TDS tax in July Some fear the new tax rules will stifle growth, add friction to industry…
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India’s 30% flat levy on all capital gains made on cryptocurrencies kicked in on April 1 in a development likely to stifle the relatively nascent industry in the country. See related article: India’s... [[ This is a content summary only. Visit my website for full links, other content, and more!…
India has decided to uphold its existing crypto tax regulations for the 2024/25 fiscal year despite ongoing appeals from industry leaders for a reduction in the current rates. Finance Minister Nirmala Sitharaman confirmed this decision during her budget presentation on Tuesday for the 2024/25 fiscal year. India’s Latest Budget Keeps…
Key Highlights CoinSwitch Co-founder releases ‘Block by Block’ report in partnership with Trilegal & NUJS Law Review for India’s crypto regulation. Ashish Singhal emphasizes that India’s crypto laws must be built on academic and legal research. By focusing on tax rationalization and “Regulatory Sandboxes,” the compendium aims to bring trading…