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cryptonews
2022-03-25 13:41:00

India Confirms Discriminatory Tax Rate for Crypto Investors

India Confirms Discriminatory Tax Rate for Crypto Investors

Starting April 1 this year, and despite the crypto sector’s efforts, cryptoasset gains in India will be taxed at 30% - the highest tax bracket, the nation’s Parliament confirmed today. In comparison to this tax, the tax rate on stock trading ranges from 0% to 15%. From now on taxed the same as lottery winnings, all “virtual digital assets” – from bitcoin (BTC), over airdrops and crypto gifts, to NFTs – fall under this latest tax decision....Read More: India Confirms Discriminatory Tax Rate for Crypto Investors

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