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Pushpendra Singh, crypto educator and blockchain enthusiast, raises concerns regarding India's current crypto tax framework. Singh highlights issues such as the 1% TDS, a 30% tax on gains, a ban on loss set-offs, and lack of banking support, calling this the most challenging crypto tax regime to date.
He appeals to Indian authorities to reconsider and reduce the high taxation on cryptocurrencies.
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Singh has previously commented on Indian markets, recently highlighting a survey where India ranked as Asia’s least preferred stock market behind Indonesia. In a separate article, he explained a government scheme that allows small taxpayers to disclose foreign assets and crypto holdings with a 60% tax payment, thereby avoiding penalties under new disclosure rules. His ongoing commentary reflects continued scrutiny of India's evolving policies affecting both traditional and digital assets.