Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%.
Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal
A petition has been initiated on Change.org for the government of India to “introduce reasonable crypto tax policies.”
Finance Minister Nirmala Sitharaman said during her Budget 2022-23 speech earlier this week that crypto income shall be taxed at 30% and no deduction, except the cost of acquisition, will be allowed.
Aditya Singh, who runs the Youtube channel “Crypto India,” started the petition which calls on India’s Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to make changes to the tax proposal. At the time of writing, more than 58,000 people have signed the petition.
The petition begins by noting that there are about 15-20 million crypto investors in India as well as several hundred th
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