So hello everyone how are you all hope so everyone is well and good so friends today as i was going through the social media i found an post regarding the tds which will be charged if people of India will be trading on international exchanges.
As of now all the Indian exchanges have been clearly told to charge 1% tds on certain transactions but the stand with the international exchanges have not been clear as of now.
So today i came across a post by wazirx ceo that Indian government might charge 20% tds which will be deposited by the person doing trading on international exchanges this might be true but as of now I don't think government will be taking this step as nothing is clear about the taxation from the government point of view. They have simply made some law based on which we will have to pay tax which is really very bad as not even a single person is happy with it.
Once again government should indulge some good crypto professionals and take there view as well while formulating any crypto related laws and regulations as this present taxation system will literally kill the crypto revolution in India and we all know that crypto is the future.
So what are your views about it.
Thanks friends have a great day ahead.