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Unocoin, a pioneer in India’s Bitcoin ecosystem for over a decade, is taking a bold step forward. Today, we’re announcing a new partnership with Lightspark to bring Lightning-fast Bitcoin payments to millions of users across India. Together, we’re unlocking the next phase of Bitcoin utility—real-time, low-cost, always-on transactions—powered by the only open, neutral payment network: Bitcoin.
@Coinsreporter will you be using this?
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No, never. It's a garbage box that deducts 1% TDS + 30% tax on profits. https://blog.unocoin.com/new-tds-rules-around-crypto-what-does-it-mean-for-you
In India, profits from selling, swapping, or spending crypto assets are taxed at a flat rate of 30%. On top of this, you may also have to pay a surcharge and an extra 4% cess.
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Yikes! Terrible tax rates
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