Government of India: Introduce Reasonable Crypto Tax Policies

Government of India: Introduce Reasonable Crypto Tax Policies

Started
2 February 2022
Petition to
Nirmala Sitharaman (Finance Minister of India) and 1 other
Signatures: 201Next Goal: 500
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Why this petition matters

Started by Mac Tech Tamil

Finance Minister recently tabled finance Bill 2022 which will introduce harsh crypto tax rules. These new crypto tax rules are too harsh & will hurt the entire industry.

Urging the government to reconsider the following :

  • Crypto assets shouldn't be treated similar to the betting industry
  • Charge tax should be charged as per Tax slabs.
  • Other Deductions should be allowed.
  • Loss in the transaction should be allowed to be carried forward.
    Reduction in TDS from 1% to 0.1%
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Signatures: 201Next Goal: 500
Support now

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