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Crypto tax set to complicate life for the exchanges
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The government’s decision to tax cryptocurrency transactions by levying tax deducted at source is set to trigger another tax complication in the form of an equalisation levy for crypto exchanges, tax experts said.This is because in most cases, crypto assets bought by Indian residents through exchanges are from people not based in the country, they said.Equalisation levy is applicable to foreign players and when services are sold by
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