Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider

Indian Parliament Member Calls for Removal of 1% TDS on Crypto, Warns It Will Kill This New Asset ClassAn Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However, India’s finance minister insists that the TDS on crypto […]

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