India's Crypto Tax Stays Put: What It Means for BTC Enthusiasts! đ
India has decided to keep its current crypto tax regulations for the 2024/25 fiscal year, despite industry leaders' calls for lower rates. Finance Minister Nirmala Sitharaman confirmed this during her budget presentation, maintaining the 1% TDS rate and a flat 30% income tax on crypto earnings.
While these stringent policies have led to a decline in trade volumes, the Indian crypto industry remains optimistic. The country still tops the 2023 Global Crypto Adoption Index, showing strong BTC enthusiasm. đ
Stay tuned, BTC lovers! The future is bright. đđ°
