India’s crypto sector is striving for significant tax reform, including the reversal of a 30% tax on gains, as industry leaders emphasize the need for a more favorable tax regime to thrive.
A proposed adjustment to a 0.1% TDS seeks to maintain transaction traceability while promoting trading activity, contrasting with the previously introduced 1% TDS.
Despite challenges, India’s crypto market is anticipated to escalate from $2.5 billion in 2024 to $15 billion by 2035, reflecting growing interest and potential engagement from global players.
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