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India: both Income tax and GST may apply to crypto
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ambcrypto.comThe Indian government is likely to levy both direct and indirect taxes on crypto assets, as per a local report. A source to the media outlet noted,
“One of the key issues is taxation. If there is gain or income from crypto, it should be taxed per capital gains rules. Similarly, if there is service involved in the transaction, then GST needs to be levied.”
The news comes ahead of the upcoming Winter Session of Parliament, where a comprehensive crypto bill is expected to be tabled. Investors can
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