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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 568. in SE

Sverige Senaste nytt, Sverige Rubriker