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AMB Crypto 2022-02-08 08:30:43

India: Will crypto volumes ‘drop off the cliff’ after the 1% TDS proposal

India Finance Secretary T.V. Somanathan had told media outlets last week that crypto taxation is kept next to winnings from horse races, or bets and other speculative transactions with the proposed 30% transaction tax. Alongside that, the 1% TDS announced with a threshold had got the industry worried. ‘Volumes will drop off the cliff’ Nithin […]

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