India to Impose 28% tax on digital currency transactions: report (16th May, 2022)

Ankur Gupta, a practice leader in charge of indirect taxes at accounting firm SW India told CNBC-TV18 said that “…the imposition of 28 percent GST and 30 percent direct tax, would surely bleed out the majority of the profits which people have earned over a period of time when these cryptos are materialised.”

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