The crypto tax law enforces a 30% tax on profits from crypto transactions, effective April 1. Traders will not be able to set off losses from other crypto transactions. Crypto gifts within a family would be exempt, but gifts above Rs. 50,000 ($660) outside the family would be taxable once in the hands of recipients.
BTC Price, Crypto Market Brace for Downturn in Coming Liquidity Shock, Observers Say
“The attractiveness of many large liquidity-driven equities is lackluster for the next few months unless or until we get more...