India Confirms Discriminatory Tax Rate for Crypto Investors

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India Confirms Discriminatory Tax Rate for Crypto Investors

   airdrop Bitcoin Bitcoin News Cryptocurrency exchange India Investing NFT Tax Trading    March 26, 2022  |  0

 
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….
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