Post
Topic
Board Bitcoin Discussion
Re: 30% tax on crypto income in INDIA
by
cryptoaddictchie
on 10/04/2022, 04:26:25 UTC
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.
Thats ridiculously high. Also Ive seen that even you loss or not gained from profit will be taxed regardless you gain and loss again. Damn that should be revised, of course how can government taxed someone who loses the money he do trading to earn and tax are only for profits or gained or income but losses? I am not favor with India huge tax. They should do what Indonesia has implemented.