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Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect

Post author:MiamiCrypto
Post published:July 5, 2022
Post category:BitBNS Coindcx crypto trading volumes cryptocurrency trading volumes Exchanges indian crypto exchanges indian crypto tax indian cryptocurrency tax indian exchanges tax deducted at source TDS WazirX

Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto…

Indian crypto trading volumes slump following hefty taxes

Post author:MiamiCrypto
Post published:July 5, 2022
Post category:BitBNS TDS WazirX

Indian crypto traders may be giving up since they must now factor in a 30% income tax and a 1% tax per transaction on crypto trades, forcing exchange volume to…