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Indian government provides little legal clarity for crypto tax to traders and exchanges

 The Indian government recently declared that a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility.

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In Feb, Indian Finance Minister Nirmala Sitharaman declared a tax proposal that would bring the relatively unregulated digital asset space under the purview of tax authorities.

The proposal includes a 30% income tax on crypto returns and a 1% tax deducted at source (TDS) by crypto exchanges on transactions above 10,000 Indian rupees ($133)

Read full story at https://cryptounity.news/indian-government-provides-little-legal-clarity-for-crypto-tax-to-traders-and-exchanges

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