Paying your taxes in crypto is cool; paying taxes on crypto gains, not so much.
Taxes vs. digital assets
India has been moving fast on the path of introducing new taxation rules on cryptocurrency transactions. Despite some serious pushback from industry stakeholders — who voiced a wide range of reasons why— the nation’s crypto community will face a 30% tax burden starting from April 1. Finance Minister Nirmala Sitharaman, who introduced the framework, has previously spoken to the effect that levying a tax on something does not mean that this thing has a legal status.
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