Parliament House in New Delhi, India
More than 20 members of the lower house of parliament reacted strongly to the bill, calling out the lack of clarity in defining crypto in the bill, with several MPs saying that the crypto taxes will"finish the industry." “This is not conducive for the government or the crypto ecosystem of India, it is poised to do more harm than good," said Nischal Shetty, one of the most prominent crypto voices in India and co-founder and CEO of WazirX, one of India’s largest crypto exchanges.
“This will have some repercussions on traders, especially the 1% TDS assessment. This will not only affect traders but also tax collections. We hope that in the subsequent years the crypto industry gets treated like other investment-related industries,” Vishwanath said.“Witnessing no amendments in the crypto taxation policies have discouraged firms and investors from investing in the volatile market.
amitoj Please reduce the crypto tax. My investment is to small. Please help us to grow. reducecryptotax sunohmarimankibaat RemoveTDS PMOIndia nsitharaman narendramodi nsitharamanoffc
amitoj Good luck Charlie Chapati
bezos when u gonna do this!!, qwvzr