Pre-Budget 2024 LIVE Updates: Crypto, Tech, & Other Sectors Braces Ahead Of Union Budget 2024

Pre-Budget 2024 LIVE Updates: The eagerly awaited India Budget 2024 announcement by Finance Minister Nirmala Sitharaman on February 1 has sparked expectations across various sectors like crypto, finance, technology, and others. In a unique twist, the Indian crypto community has recently taken to social media with the hashtag ‘#ReduceCryptoTax,’ urging changes in cryptocurrency tax regulations.

Despite persistent appeals over the last two years, the government has yet to revisit these laws, causing concerns about hindering crypto growth and triggering a talent exodus. The crypto sector, through social media, is pushing for more flexible tax slabs, a reduction in Tax Deducted at Source (TDS) from 1% to 0.01% on each transaction, and the allowance of carrying forward losses, mirroring practices in the stock market. All eyes are on Union Budget 2024 for potential shifts in the crypto tax landscape.

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