India's Day Of Reckoning With ‘Most Controversial Crypto Tax’ Is Here
— Major hindrance, Tweeted, Industry, Tds, Crypto industry, Reconsider, Tracking transactions, Objective, Taxation — 1 min read
30% taxation and 1% TDS is unfair, says Gupta. Gupta urges government to reconsider the percentage of TDS and tax. The objective of tracking transactions and transparency can very easily be achieved in other ways too, he says. Gupta tweets: Onerous taxation and TDS are proving to be a major hindrance to the growth of this industry. He urges the government to "reconsider the % of tax and tax and to reconsider" the amount of tax on crypto-traditionary transactions and tax. The objective is to track transactions, transparency can be achieved by other methods too," he said. Read more from Gupta's blog here: http://www.mailonlineonline.com/report/bitcoin-crypto-industry. Source