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.
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