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The Indian tax authorities have initiated a dialogue on encryption tax policy.
PANews, August 18 news, Bitinning founder Kashif Raza posted on the X platform stating that the Indian CBDT (Income Tax Department) has communicated with local crypto asset exchanges, requesting them to provide feedback on issues such as VDA (Virtual Digital Asset) regulation, volume outflow, tax framework, loss deductions, the impact of a 30% tax rate, challenges in TDS enforcement, and tax fairness between domestic and foreign exchanges. This is the first formal dialogue regarding crypto tax policy in India.
VDA0.42%