Pushpendra Singh questions government transparency on crypto TDS usage
@pushpendrakum: Pushpendra Singh on crypto TDS
Pushpendra Singh, a cryptocurrency advocate, has raised concerns regarding the transparency of government tax collection practices related to cryptocurrency transactions.
In a recent tweet, Singh pointed out that while the government efficiently manages to deduct a 1% Tax Deducted at Source (TDS) on every crypto trade, it lacks clarity on how this collected revenue is utilized. Singh's tweet demands transparency, urging the government to release detailed monthly reports that outline how each rupee is spent, along with progress updates on funded projects.
His comments highlight a growing demand among cryptocurrency traders and investors for financial transparency and accountability from the authorities on how revenue collected from digital asset taxation is allocated.
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Singh's call for greater accountability in government oversight mirrors his previous critique of refund process inefficiencies within the private sector, notably when addressing the gap between promises and action in his assessment of WazirX refund delays. His ongoing scrutiny of both public and private institutions underscores a consistent demand for transparency across the broader financial landscape, a stance that has also informed coverage of emerging voices such as Vijay Mallya's podcast engagement with SBI Bank amid shifts in digital asset governance.
In the previous news, tweet author Pushpendra Singh discussed Philippine Blockchain Week 2025.
