Pushpendra Singh Traders Union · feature
India's crypto tax rules are overly harsh
Traders Union quotes Pushpendra Singh on the 30% rate, the 1% TDS and the ban on loss set-off, and what that combination does to ordinary investors.
On the combination that makes India’s regime unusually punishing: a flat 30%, a 1% TDS on every transaction, and losses that cannot be set off against anything.
That last rule is the one people discover too late. You can finish a year flat and still owe tax on every winning trade you made along the way.