the system in india is corrupt and over taxation on everything shame on govt to do this...Indian economy is becoming communist for middle class not to the rich

🚨😭SAD NEWS FOR INDIANS😭🚨

Kuldeep (name changed) had sold crypto
tokens worth Rs 98,500 through peer-to-peer (P2P) transactions for about Rs 100,000 back in 2022, making a meagre profit of Rs 1,500 on this sale. He received the entire amount in his bank account and the transaction happened through a centralised exchange. A few weeks ago, he received a notice from the income tax department flagging his Rs 100,000 deposit.
On producing screen shots of the P2P trade and the statement generated by the exchange as a proof, the official asked him to pay 78% or Rs 78,000 in fine on a Rs 1,500 profit
🚨😭SAD NEWS FOR INDIANS 😭 🚨
#TrumpTariffs