Post
Topic
Board India
Re: Screwed again on taxes
by
pawanjain
on 29/07/2024, 11:03:26 UTC
The worst part is I had these funds set aside for important monthly payments and now I’m left scrambling. I thought WazirX was a safer bet but clearly I was wrong. It’s infuriating that there are no solid protections or policies in place to safeguard users like us in India. They want us to use Indian exchanges and pay 30% tax on our gains but now my funds are lost and who's going to take responsibility? This is beyond frustrating.

I hope you didn't lose much. It's better to store your coins on a non-custodial wallet instead of holding it on exchanges.
Yet, if you are an active trader then the chances are that a minor portion of your coins will still be on the exchange.
You can only raise your concern on their X(twitter) page and see if you get a prompt response.