Crypto India is hoping for tax cuts when Finance Minister nsitharaman unveils the budget on Wednesday but all indications are that this is unlikely. By amitoj
Several individuals closely working in the crypto regulatory space have publicly said they are hopeful for a tax cut but privately opined that it is unlikely.
Rajat Mittal, a crypto tax counsel in India's Supreme Court, said he didn’t expect a tax cut but hoped for it so that investors “are not forced to move assets abroad and tax leakage can be stopped.” Policy experts like Subhash Garg, a former secretary in the Finance Ministry’s Department of Economic Affairs and Meghna Bal, a fellow at the Esya Centre said that while reasons for a tax cut exist, the nation has other priorities.
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