The Indian crypto sector is dissatisfied with the current fiscal burden, notably the 30% capital gains tax and a TDS rate of 1%. There is a strong call for abolition of these taxes and for clearer regulations surrounding Virtual Digital Assets (VDAs).
Crypto advocates are urging the government to establish Web3 startup zones with initial tax exemptions. They believe that harmonized regulations would enhance international cooperation, thereby fostering a more robust crypto ecosystem in India.
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