India maintains its hardline stance on taxing crypto profits at 30 percent

India maintains its hardline stance on taxing crypto profits at 30 percent India crypto cryptocurrency

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Indian Finance Minister Nirmala Sitharaman presented the new budget, which announced key changes to income tax rate slabs but failed to mention cryptocurrencies, central bank digital currency , or blockchain technology. On Monday, Subhash Chandra Garg, the former Finance Secretary of India, stated that the government needed to provide more clarity on crypto taxes but warned that “we might not see any new changes in the upcoming budget 2023.” Chandra previously served as the chairman of the committee that drafted the first crypto bill.

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