Cryptocurrency Government Regulations Taxation

India’s $12 Million Crypto Tax Windfall: The Battle Between Taxes and Cryptocurrency Popularity

India’s Central Board of Direct Taxes (CBDT) has amassed more than 100 crore INR (equivalent to $12 million) through a one percent TDS (Tax Deducted at Source) on cryptocurrency transactions during this fiscal year. The Indian government introduced a one percent direct tax on all cryptocurrency transactions starting from July 1, 2022. In an interview […]