๐จ๐ฎ๐ณ BIG SURPRISE FROM INDIA: CRYPTO TAXES GETTING TIGHTER! ๐จ
Starting July 7, 2025, crypto traders in India face a total tax burden of nearly 50%! ๐ฑ
๐ Here are the Details: โก๏ธ 30% Capital Gains Tax
โก๏ธ 1% TDS (Tax Deducted at Source)
โก๏ธ 18% GST (Goods & Services Tax) โ NEW!
๐ฅ What Does It Mean? If you profit โน100, you will only keep around โน51. The rest is โtakenโ by taxes!
๐ This could trigger:
Exodus of Indian traders to foreign platforms or DEX
Decline in local trading volume
Crypto assets becoming less attractive legally in India
๐ Impact on the Global Market: India is one of the largest crypto markets. This harsh tax policy could:
Reduce global liquidity
Encourage the growth of the shadow market & use of stablecoins
Trigger a shift in interest to regions with crypto-friendly taxes like UAE, Singapore, or El Salvador
โ ๏ธ CONCLUSION: The Indian government is sending a strong message: "HODL is okay, but pay dearly!"
For traders, this is the time to review tax strategies, or even migrate platforms/countries.
๐ฌ What do you think about this regulation? Does it kill the crypto potential in India or make it stronger?
๐ Leave a comment & tag your trader friends in India!