Is India imposing harsh crypto taxes to guard against risky losses or to preserve GST revenue by keeping funds within its taxed economy?
i feel that by disallowing loss offsetting, the govt aims to prevent tax gaming and ensure that crypto gains are taxed more fairly. it shift focus towards real profit gain rather than losses exploitation; not just about gst, but also about curbing excessive speculative behavior.
hey everyone, i been following this crypto tax debate quite closely and i gotta say theres a lot to think about. from what i gather, india might be trying to curb pure speculative frenzy which could lead to unstable market behaviours rather than just preserving gst revenue or so. it almost feels like they want to push people towards a more sustainable approach in investments by making sure that losses can’t just be washed away against profits; this might eventually foster a more careful strategy. do any of you think this could trigger a broader debate on how different types of investments should be treated? or maybe there are other econimic or political angles in play that we havent fully unpacked yet? would really love to see more thoughts on this!