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Siddh 6mo ago 💬 5

India's cryptocurrency tax landscape:

- 30% tax on profits

- 1% TDS per transaction

- 18% GST on crypto trading and service fees

49% TAX ☠️

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Discussion

Peter McCormark 6mo ago

https://simplex.chat/contact#/?v=2-7&smp=smp%3A%2F%2Fhpq7_4gGJiilmz5Rf-CswuU5kZGkm_zOIooSw6yALRg%3D%40smp5.simplex.im%2FocWN1F6Xy4FLkQUCPtmH3PY1e9IoEb96%23%2F%3Fv%3D1-4%26dh%3DMCowBQYDK2VuAyEAgxg8S4IgT4nyu_ZgoguzAw3Hdpzz0Rb8URRAa7ZSsAU%253D%26q%3Dc%26srv%3Djjbyvoemxysm7qxap7m5d5m35jzv5qq6gnlv7s4rsn7tdwwmuqciwpid.onion

Purple Smoke 6mo ago

That's not how it works. You can't just add all these and say 49% tax 😂

Cardinal 6mo ago

Regardless, it's complete robbery.

Purple Smoke 6mo ago

Yes, that I agree

Cardinal 6mo ago

Typical government financial repression.