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India's Crypto Tax Amendment Could Punish Evaders With Jail Time, Attorneys Say

In 2022 India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector.

Updated Feb 2, 2023, 1:41 p.m. Published Feb 1, 2023, 7:02 a.m.
Nirmala Sitharaman (right) with U.S. Treasury Secretary Janet Yellen (Indian Finance Ministry)
Nirmala Sitharaman (right) with U.S. Treasury Secretary Janet Yellen (Indian Finance Ministry)