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Benzinga
Benzinga
World
Samiran Mondal

Crypto Tax Doesn't Legalize Trading: Indian Tax Department Chief

India CBDT Central Board of Direct Taxes

The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India.

The finance minister of India announced a 30% tax on crypto holdings during the budget session on Feb. 1, triggering several headlines on the lines of “India legalizes crypto” However, CBDT chief JB Mohapatra aimed to debunk these misconceptions.

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