🇮🇳 India's Crypto Tax Bite: 30% Gains Tax + Hidden Hurdles

India's crypto investors face a steep 30% tax on profits, but that's just the start. The real pain comes from additional challenges in the current tax framework.

🔹 No loss offsets: Crypto losses can't be balanced against gains from other assets.

🔹 TDS trap: Every trade triggers a 1% tax deduction at source, draining liquidity.

🔹 Compliance chaos: Complex reporting requirements create headaches for traders.

#CryptoIndia #TaxTroubles

The strict rules are pushing some traders toward informal markets or offshore platforms. Will the government reconsider? 🤔