‘Will Give Birth to Red Tapism’: Member of Parliament Opposes 1 Percent TDS on Crypto Assets

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As India approaches tax enforcement on crypto starting April 1, the outcry around the levied taxes seems to have grown louder in the nation. Ritesh Pandey, a BSP party leader has voiced his concerns on having people cross three TDS payments on one NFT purchase. Pandey told the Lok Sabha that such bars could outweigh the growth potential of the young digital assets cat…