India Maintains 1% Crypto Tax Rate Despite Industry Pressure

India’s budget retains 1% crypto TDS, rejecting industry calls for a 0.01% tax rate and progressive taxation on gains. India has decided to uphold its existing crypto tax regulations for the 2024/25 fiscal year despite ongoing appeals from industry leaders for a reduction in the current rates. Finance Minister Nirmala Sitharaman confirmed this decision during

Source: Bitcoin World