Besides existing taxes, a new draft ITR form suggests that foreign businesses could be taxed if they have got a user base in India.
India’s anti-crypto policy came into sharp focus at the prestigious Singapore Fintech Festival , where Binance CEO flagged high tax rates as undoing the fledgling crypto business in the country.
With over 60,000 participants and 850 speakers representing top global financial services, banks, and policymaking bodies, Singapore Fintech Festival is one of the most awaited events in the digital assets and fintech industry.Binance CEO Changpeng Zhao , during a panel discussion at SFF that was live-streamed, said, “India has high tax, which is probably going to kill the industry.
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