India’s Crypto Tax Trouble Leads to Calls for Cuts and Clear Rules

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India’s crypto users continue to struggle with the high taxes and a lack of clear regulations. Former MP Ritesh Panday has once again stood up for India’s crypto community and is urging the government to cut 30% tax, remove the 1% TDS and bring in clear regulations.

Over-Regulation Could Kill India’s Web3 Potential

He explained how buying an NFT involves three steps, buying crypto, transferring it to a wallet, and making the purchase, With the current rules, 1% TDS is charged at every stage. He warned that this kind of policy creates red tape, stifles innovation, and could kill a growing, youth-driven industry.