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An Indian startup has launched a software as a service (SAAS)-based solution to help Indians calculate the taxes on their crypto holdings.
The software is called TaxCryp and will allow investors to ‘easily navigate through India’s complex crypto regulatory landscape by simplifying tax computation, compliance and reporting requirements.’
The Indian government currently imposes a 30% flat tax on all crypto income and a 1% TDS at the source. Indian investors are also not allowed to offset losses with gains made elsewhere.
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