TOUGH TIMES FOR INDIAN CRYPTO USERS 😭🚨

Kuldeep (name changed) sold crypto tokens worth ₹98,500 via peer-to-peer (P2P) transactions in 2022, making a modest profit of just ₹1,500. The transaction was carried out through a centralized exchange, and he received ₹100,000 directly into his bank account.

#TrumpTariffs

Recently, he was shocked to receive a notice from the Income Tax Department, flagging the ₹1,00,000 deposit. Despite providing screenshots of the trade and official exchange statements as proof, he was asked to pay a 78% penalty — ₹78,000 — on just ₹1,500 profit.

🚨😭 SAD NEWS FOR INDIAN CRYPTO USERS

#TrumpTariffs

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Sadiya Qureshi