{"id":8978,"date":"2024-07-30T20:06:59","date_gmt":"2024-07-30T20:06:59","guid":{"rendered":"https:\/\/econoasia.com\/indian-government-refuses-to-lower-crypto-tax-despite-pressure-from-the-digital-asset-industry\/"},"modified":"2024-07-30T20:06:59","modified_gmt":"2024-07-30T20:06:59","slug":"indian-government-refuses-to-lower-crypto-tax-despite-pressure-from-the-digital-asset-industry","status":"publish","type":"post","link":"https:\/\/econoasia.com\/id\/indian-government-refuses-to-lower-crypto-tax-despite-pressure-from-the-digital-asset-industry\/","title":{"rendered":"Indian Government Refuses To Lower Crypto Tax Despite Pressure From The Digital Asset Industry"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"body\">\n<p>JAKARTA &#8211; India&#8217;s decision to maintain existing crypto tax rates has sparked debate among digital asset industry players. Although the request for a reduction in tariffs has been submitted, Finance Minister Nirmala Sitharaman confirmed that crypto tax regulations will remain in effect during the 2024\/25 fiscal year.<\/p>\n<p>In April 2022, India implemented a 1% source-cut tax rate (TDS) for crypto transactions. This rule led to a decrease in trading volume in India&#8217;s crypto industry. Industry leaders have advocated for a reduction in TDS rates to 0.01% and progressive tax recognition of profits.<\/p>\n<p>However, the latest budget presentation confirms&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/voi.id\/en\/amp\/401917\">Tautan sumber<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JAKARTA &#8211; India&#8217;s decision to maintain existing crypto tax rates has sparked debate among digital asset industry players. Although the request for a reduction in tariffs has been submitted, Finance Minister Nirmala Sitharaman confirmed that crypto tax regulations will remain in effect during the 2024\/25 fiscal year. In April 2022, India implemented a 1% source-cut [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[456,2009],"tags":[506,6862,87],"class_list":{"0":"post-8978","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bombay-stock-exchange-bse","7":"category-bombay-stock-exchange-bse-id","8":"tag-crypto","9":"tag-crypto-tax-india","10":"tag-india"},"_links":{"self":[{"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/posts\/8978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/comments?post=8978"}],"version-history":[{"count":0,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/posts\/8978\/revisions"}],"wp:attachment":[{"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/media?parent=8978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/categories?post=8978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/tags?post=8978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}