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20 sats \ 2 replies \ @BlokchainB 16h \ on: Unocoin Partners with Lightspark to Enable Real-Time BTC LN Payments in India lightning
@Coinsreporter will you be using this?
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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