I'm wondering how they're going about monitoring and enforcing this...  Sure, it might be easy to get the exchanges to force this tax on this clients, but what about everyone else?  Certainly websites based in India aren't suddenly charging 30% more are they?  Is this the sort of thing where people are going to be taken to jail for using p2p services?  It seems like a knee jerk reaction to trying to get some funds from wealthy investors to me.  I doubt they're going to be wasting time and money tracking small purchases done by their citizens, but who knows...  The world is becoming increasingly hungry for people's private data.  Even those I thought once respected privacy are now obsessed with tracking to the point it's damaging operations.