India’s Crypto Tax Policies Spark Outcry Among Investors
India’s burgeoning crypto community finds itself at odds with the government’s stringent tax regime. A 30% levy on gains and 1% TDS on transactions has drawn sharp criticism from the country’s tech-savvy investors, who view these measures as punitive rather than progressive.
The lack of regulatory clarity compounds the issue. Small traders grapple with compliance burdens while exchanges hemorrhage users to offshore platforms. This exodus underscores the unintended consequences of a policy framework that treats crypto innovation with suspicion.
A recalibration appears inevitable. Introducing loss offsets, transparent reporting mechanisms, and equitable treatment could transform crypto from a regulatory target into a cornerstone of India’s digital economy.
