Crypto tax doesn’t legalize trading, says Indian tax department chief By Cointelegraph
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The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India.
The finance minister of India announced a 30% tax on crypto holdings during the budget session on Tuesday, triggering several headlines on the lines of “India legalizes crypto.” However, CBDT chief J.B. Mohapatra aimed to debunk these misconceptions.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India.
The finance minister of India announced a 30% tax on crypto holdings during the budget session on Tuesday, triggering several headlines on the lines of “India legalizes crypto.” However, CBDT chief J.B. Mohapatra aimed to debunk these misconceptions.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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