Event JSON
{
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"created_at": 1738596504,
"kind": 1,
"tags": [
[
"r",
"https://decrypt.co/304114/india-strict-crypto-regulations-tax-burden"
],
[
"subject",
"India Is Rethinking Strict Crypto Regulations—But Tax Burden Persists"
],
[
"published_at",
"1738596339"
],
[
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"https://cdn.decrypt.co/wp-content/uploads/2024/09/india-bitcoin-btc-gID_7.jpg"
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[
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"India's Economic Affairs Secretary Ajay Seth stated that the country is reassessing its crypto policy in light of major global shifts, including the US's more crypto-friendly approach. The move could delay the release of a discussion paper on digital assets, which was originally set for September 2024. The Indian government has also introduced amendments to the Income Tax Act, which will bring undisclosed crypto gains under Section 158B and impose a 70% penalty on unpaid taxes. The crypto industry has responded with mixed reactions, with some calling for friendlier regulations and others expressing disappointment over the lack of tax relief."
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],
"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq9gc66fmrasp284wuamj0qtqvcgqds4km4qajguy03y0j274rh5ks82v5kp\nhttps://cdn.decrypt.co/wp-content/uploads/2024/09/india-bitcoin-btc-gID_7.jpg\nLawmakers in India appear to be softening on crypto, but without tax relief \"trading in India remains expensive,” said a CoinSwitch co-founder.\nhttps://decrypt.co/304114/india-strict-crypto-regulations-tax-burden",
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