India crypto tax: Investors at the crossroads striving to hold assets
Al Jazeera, 03 Apr 2022
A tax on cryptocurrencies has come into effect in India.
From April, investors will have to pay a 30 percent tax on sales of cryptocurrencies, and will not be able to offset any losses from one against profits from another.
The country has one of the highest numbers of cryptocurrency investors in the world, but many now say future investors may not be so enthusiastic.
Al Jazeera’s Elizabeth Puraanam reports from the capital, New Delhi.
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From April, investors will have to pay a 30 percent tax on sales of cryptocurrencies, and will not be able to offset any losses from one against profits from another.
The country has one of the highest numbers of cryptocurrency investors in the world, but many now say future investors may not be so enthusiastic.
Al Jazeera’s Elizabeth Puraanam reports from the capital, New Delhi.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#India #indiacryptotax #indiacryptoincome
