Post
Topic
Board Bitcoin Discussion
Re: 30% tax on crypto income in INDIA
by
Yogee
on 04/04/2022, 22:33:43 UTC
1. Hodl and join the petition to drop the tax rate.
2. Switch to trading in other markets while the tax code has not been revised.

At present we all know that in India, up to 30% of one's income is spent on crypto. And it has affected every Indian who works in the crypto industry. If you can guide further on how to go further now. Give some suggestion.
Why not share it in multiple wallets and not exceed 30% so you can be safe without worrying about big taxes?
What do you mean by "not exceed 30%"? Does total amount really matter? I think distributing your crypto to different wallets won't change anything at all since the the tax will still apply on any crypto income at a 30% flat fate.