India gov’t proposes 2 new taxes despite pending digital currency ban
The measures would apply from the 2020-21 tax year, and are expected to be brought in by a circular, according to reports.
The measures would apply from the 2020-21 tax year, and are expected to be brought in by a circular, according to reports.
Cryptocurrencies will not be considered legal tender under the amendment, but they will be accepted as a medium of exchange for some transaction types.
An 18% tax is being examined on all cryptocurrency trading by India's Central Board of Indirect Taxes and Customs, according to reports.