The post India’s Crypto TDS Policy Unlikely to Change, Experts Say appeared first on Coinpedia Fintech News
Experts state that India is unlikely to change its controversial TDS policy on crypto transactions when Finance Minister Nirmala Sitharaman reveals her full budget for 2024-2025 on Tuesday. The TDS is a standout issue for the crypto industry. The Bharat Web3 Association (BWA) has asked for the tax to be cut to 0.01% from 1% ever since it was announced two years ago. Other demands include establishing progressive taxes on gains instead of the flat 30% rate and allowing losses to offset gains.