The Indian tax department head said that crypto taxation will help the department evaluate the exact depth of the digital asset market.
The Indian tax department head said that crypto taxation will help the department evaluate the exact depth of the digital asset market.
The head of the Central Board of Direct Taxes (CBDT) in India said the 30% tax on crypto holdings doesn't necessarily make the crypto trade legal in India.
The finance minister of India Nirmala Sitharaman declared a 30% tax on crypto holdings during the budget session on Tuesday, triggering several headlines on the lines of "India legalizes crypto" CBDT chief J.B Mohapatra target to debunk these misconceptions.
Read: http://cryptounity.news/indian-tax-department-chief-says-crypto-tax-doesnt-legalize-trading
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