30% capital gains tax with no loss adjustment 1% TDS on tr | Ajay Kashyap_ on Binance Square

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30% capital gains tax with no loss adjustment 
1% TDS on transactions
18% GST on trading & service fees
And then they wonder why 🇮🇳Indian crypto startup is leaving this country🤷🏻

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🇮🇳Indian Tax Department 💀

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🇺🇸USA is becoming Crypto Capital of the World While 🇮🇳India is becoming Tax Capital of the World

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High crypto taxes are hitting Indian 🇮🇳 crypto users hard !!! 🇮🇳India has the highest Crypto taxation among all countries High taxation will discourage new users from exploring the Crypto space. Unfair regulation or tax policies will only harm the industry & delay its growth and adoption We, the Crypto community, request to the authorities & @nsitharaman to lower the 1% tax on VDA transactions, 30% tax on capital gains, and to allow loss setoff for Crypto users. We also demand that a clear & fair regulation for digital currencies is established #reducecryptotax

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High crypto taxes are hitting Indian 🇮🇳 crypto users hard !!! 🇮🇳India has the highest Crypto taxation among all countries High taxation will discourage new users from exploring the Crypto space. Unfair regulation or tax policies will only harm the industry & delay its growth and adoption We, the Crypto community, request to the authorities & @nsitharaman to lower the 1% tax on VDA transactions, 30% tax on capital gains, and to allow loss setoff for Crypto users. We also demand that a clear & fair regulation for digital currencies is established #reducecryptotax

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High crypto taxes are hitting Indian 🇮🇳 users hard 🇮🇳India has the highest Crypto taxation among all countries High taxation will discourage new users from exploring the Crypto space Unfair regulation or tax policies will only harm the industry & delay its growth and adoption We, the Crypto community, request to the authorities & @nsitharaman to lower the 1% tax on VDA transactions, 30% tax on capital gains, and to allow loss setoff for Crypto users. We also demand that a clear & fair regulation for digital currencies is established #reducecryptotax

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