कोशिश गोल्ड - मुक्त
Crypto Industry Expects Simple Tax Structures, Compliance in Budget '25
The New Indian Express Kochi
|January 28, 2025
WITH Bitcoin prices continuing to rise and US President Donald Trump's order of creating a cryptocurrency working group, the virtual assets industry in India says the momentum is building up and that the country should remain in the forefront.
They expect the upcoming Budget to introduce a clear compliance framework and simplified tax structures.
Though in 2022, the Budget provided some clarity to crypto ecosystem, it brought challenges with taxation. Edul Patel, co-founder & CEO of Mudrex said, "The 1% TDS on crypto transactions led many investors and traders to turn towards foreign exchanges, making it harder for the government to track activity. Additionally, the inability to offset losses against gains has further discouraged investor participation."
यह कहानी The New Indian Express Kochi के January 28, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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