India’s Tax Authority Considers New Crypto Law
India’s Central Board of Direct Taxes (CBDT) is consulting industry stakeholders to determine whether existing tax laws suffice for virtual digital assets (VDAs) or if a new legal framework is required. Feedback is sought on the current 1% TDS on every crypto sale—debating whether it's excessive—and whether traders should be allowed to offset VDA losses. The inquiry also explores whether domestic tax policy is prompting talent and capital to leave the country.
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