Rajya Sabha MP Raghav Chadha Vows to Address High Crypto Tax in Parliament
In a recent interaction on social media, Raghav Chadha, a Member of Parliament in the Rajya Sabha, acknowledged the growing discontent among cryptocurrency traders and investors regarding the high tax rates imposed by the government on the crypto trading in India. Responding to concerns raised about the economic impact of these taxes, Chadha expressed his commitment to addressing the issue in the upcoming parliamentary session.
The Indian cryptocurrency community has long been grappling with stringent taxation policies introduced in 2022. The 30% flat tax on gains from cryptocurrency transactions, coupled with the 1% Tax Deducted at Source (TDS) on every transaction, has been widely criticized for stifling growth and driving…
