Wu Blockchain (@WuBlockchain): India’s tax authority is investigating over 400 high-net-worth Binance traders for alleged tax evasion during FY 2022–23 and 2024–25. The Central Boar…
Estimated coin impact
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- BNB-40Negative
India’s tax authority is investigating over 400 high-net-worth Binance traders for alleged tax evasion during FY 2022–23 and 2024–25. The Central Board of Direct Taxes has instructed regional offices to report actions by October 17. Indian crypto traders face a 1% TDS on each transaction, a 30% profit tax, plus surcharges, bringing the effective rate to about 42.7%. https://t.co/OfbAR4EFrc