The government's annual budget, presented by Finance Minister Nirmala Sitharaman on Thursday, maintained the controversial tax deducted at source (TDS) policy for crypto transactions. Despite expectations for a change in the stiff taxes on crypto transactions, including a 30% tax on profits and a 1% TDS on all transactions, the budget remained silent on the issue. This comes despite efforts from the domestic crypto industry and a study from a think tank that pushed hard for a reduction in the TDS. The lack of changes to the TDS policy is particularly disheartening for the crypto industry, given that it has been a major pain point since its introduction two years ago.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
댓글