Budget 2024: Crypto industry bats for tax reductions, regulatory tightening of offshore exchanges
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Letters sent out to the finance ministry last month by Bharat Web3 Association and CoinDCX highlighted concerns over the 30 percent VDA tax burdening small Web3 and crypto businesses and the need for a level playing field by bringing offshore exchanges under TDS regulations.
January 11, 2024 / 09:45 AM IST
CoinDCX added that this significant capital gains tax will “burden” and pose a challenge for small businesses.
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Debangana Ghosh
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