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India’s ₹6,000 Cr Crypto Tax Loss

TheNewsCrypto LogoTheNewsCrypto1d ago

India’s ₹6,000 Cr Crypto Tax Loss - TheNewsCrypto

Quick Summary:

India is losing significant revenue due to its current crypto taxes policies, as revealed in a report by the Esya Centre.

The country missed out on ₹6,000 crore in taxes as crypto traders moved to foreign platforms.

Between December 2023 and October 2024, Indian investors traded over ₹2,63,000 crore on foreign exchanges.

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India’s ₹6,000 Cr Crypto Tax Loss - TheNewsCrypto (Picture 1)India’s ₹6,000 Cr Crypto Tax Loss - TheNewsCrypto (Picture 2)

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Article Details

Author / Journalist: Sneha Murali

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 16:12:06 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24647835

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About TheNewsCrypto

TheNewsCrypto Logo

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 36 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 16 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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The story "India’s ₹6,000 Cr Crypto Tax Loss" has 335 words across 28 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "India’s ₹6,000 Cr Crypto Tax Loss" was covered 1 days ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

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TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in United Arab Emirates and publishes an average of 36 news stories per day.

It's most recent story was published 16 hours ago.

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  • News ID: #24647835
  • URL: https://beamstart.com/news/indias-6000-cr-crypto-tax-17350689333161

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