Our Government has proposed to impose a 30% tax (plus cess) on the gains of crypocurrency without any deduction of expense. Higher tax is generally imposed when the government wants to discourage any transaction (cryptocurrency in this case) Me- Who is already discouraged looking at the plunging market 🥴
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So today I have to give 10 cents to the government from noise. Here, take it Nirmala!
Or they simply want to get more out of profitable activities. Either way, 30% seems rather high.