Quote from: YOSHIE on March 29, 2024, 04:39:30 PM

My understanding is that 30% tax is too big for the rules and laws implemented by the Indian government, I believe this will have a negative impact on all elements, especially crypto, It's useless if crypto is legal in India, if the tax imposed is 30% it's the same as turning off crypto users.

This is a two year old topic and was created when the government of India announced the crypto tax regulation. In recent times every cryptocurrency trader, investor, and employee who is paid in cryptocurrencies in my country has found numerous loopholes in this law and accordingly, everyone now knows how they can save 30 percent tax on capital gain. The pain area is still the 1 percent tax deduction at source (TDS) to which the community has found a loophole which is using of international exchanges as they do not have that kind of system in place.

Quote from: YOSHIE on March 29, 2024, 04:39:30 PM

Even though taxes are imposed on exchanges operating in India, of course this will have a negative impact on crypto users as a whole, the tax burden is certainly the exchange users bear, Like it or not they have to pay for every transaction they make, I think this is an impartial policy for crypto users there, a legally oppressive policy.

It did have a negative impact in those days but now it is normal. The government again placed a shadow ban on International exchanges but the volumes are still high on those 8 exchanges.

Quote from: YOSHIE on March 29, 2024, 04:39:30 PM

Indeed, the Indian government always oppresses, especially low castes, many in the ruling Indian parliament are high castes, they often implement laws/laws that don't make sense for low castes, so that they cannot develop, this shows that the Indian government chooses love and stepchildren for the lowly, this is an oppressive rule for 30% tax.

I do not agree with your thoughts on the caste system in India as you have not done your research properly. I do agree it is still a problem in rural areas of my country but it has reduced in the last 15 years. Let me assure you that the Priminister and the President of my country belong to the lower cast. The caste problem within the Hindu community has reduced drastically but you won't believe me the problem is big in the Muslim and Christian communities. They may have got converted to other religions but they have not forgotten their roots. If you do not agree with me then do a Google search on Pasmanda Muslims and you will find the answer.