TechFlow news — India's parliament has officially passed a controversial tax proposal today, requiring Indians to pay a 30% capital gains tax on cryptocurrency transactions starting April 1. Additionally, individuals must pay a 1% tax deduction at source (TDS) and taxes on crypto gifts, with no allowance for offsetting losses. Since the tax was first proposed in February, India's crypto industry has opposed the bill, organizing meetings with lawmakers alongside petitions on Change.org and online campaigns, none of which ultimately proved effective. Industry participants are now considering challenging the law in the Supreme Court.
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