Indian Crypto Industry Reps Call for Reduction in Certain Taxation Rules Indian Crypto Industry Reps Call for Reduction in TDS

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Local representatives of the crypto industry said 1% TDS is very high and can drive the traders away from the market and hurt volume.

Indian Crypto Industry Reps Call for Reduction in Certain Taxation Rules

, “I am nowadays meeting traders who are leaving India just because they cannot tolerate TDS. Govt is not going to achieve revenue this way. Even for Govt, it should be a volume game.” Meanwhile, the government is planning a tougher tax environment for crypto businesses. Last week, mediasuggested that Indian tax authorities are planning to put crypto activities under the highest 28% GST slab, usually reserved for non-essential and luxury activities such as betting, gambling, and horse racing.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 568. in FR

France Dernières Nouvelles, France Actualités