TDS – DIGIT INFO

Indian Crypto Market Suffers Significantly — Experts Say Trading Volumes Unlikely to Recover Anytime Soon

DIGIT — Tue, 27 Dec 2022 04:00:09 +0000

Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tokens.” Local crypto experts are not expecting a recovery in the near future “Unless something dramatic happens” in the upcoming Union Budget. Indian Crypto Market ‘Dead’ Since April, Says Expert Cryptocurrency trading volumes […]

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

DIGIT — Tue, 05 Jul 2022 14:00:05 +0000

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 exchanges saw volumes dropping by about 80%. Crypto Trading Volumes Fall Across India The trading volumes across crypto exchanges in India have fallen sharply after […]

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Indian crypto trading volumes slump following hefty taxes

DIGIT — Tue, 05 Jul 2022 02:10:36 +0000

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 plummet.

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