India Collects Over $12M in Crypto Tax as Adoption Surges

[coingabbarmarket]

Crypto Transactions in India Surpass $12 Million in TDS Collections
Cryptocurrency investors in India are on the rise, prompting the Central Board of Direct Taxes (CBDT) to collect more than 100 crore rupees (over $12 million) through a one percent Tax Deducted at Source (TDS) on crypto transactions in this fiscal year. India's government implemented a one percent direct tax on all crypto transactions from July 1, 2022.

Read More - https://www.coingabbar.com/en/crypto-currency-news/india-collects-over-12m-dollar-in-crypto-tax-as-adoption-surges

[cryptoworld1]

ndia Collects Over $12M in Crypto Tax as Adoption Surges

Cryptocurrency investors in India are on the rise, prompting the Central Board of Direct Taxes (CBDT) to collect more than 100 crore rupees (over $12 million) through a one percent Tax Deducted at Source (TDS) on crypto transactions in this fiscal year. India's government implemented a one percent direct tax on all crypto transactions from July 1, 2022.



For more information here https://www.coingabbar.com/en/crypto-currency-news/india-collects-over-12m-dollar-in-crypto-tax-as-adoption-surges#:~:text=India%20Collects%20Over%20%2412M%20in%20Crypto%20Tax%20as%20Adoption%20Surges,-Key%20Takeaways&text=Cryptocurrency%20investors%20in%20India%20are,transactions%20in%20this%20fiscal%20year.

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