India 🇮🇳 has issued 44,000 tax notices to crypto investors.
The govt has revealed more than ₹860 crore in previously unreported VDA income.
But honestly, this was bound to happen.
• 30% flat tax on gains
• 1% TDS on every transaction
• No set-off for losses
• Reporting every single trade like an auditor
And now full tracking via exchanges and wallets.
You make a few trades, miss a detail, and suddenly you’re on the radar.
Compliance matters. But this system feels less like regulation and more like overkill.
Instead of making it easier to participate and report, it’s pushing regular investors towards confusion, fear, and, in many cases, offshore platforms.
We need sensible regulation.