Industry Body for Indian Startups Seeks Crypto Rules in Coming Budget Session of Parliament
The development comes a few days after news broke that tax agencies “inspected” offices of five major cryptocurrency exchanges in the country and “recovered” over Rs 84 crore ($11 million).
“It is critical for the Union Budget to clearly lay down taxation clarity around crypto assets by formally naming them in tax laws,” said a letter to India’s Finance Minister by IndiaTech.org, an industry body of startups including crypto exchanges.
