Despite multiple blows that Budget 2022 delivered to cryptocurrencies, they continue to be highly popular amongst Indian investors, a survey conducted by investment platform Groww has found.
The year 2021 witnessed frenzied investor enthusiasm for cryptocurrencies, as many were lured by stellar returns in a short span of time. After Union Budget 2022, however, they had to deal with a triple whammy – 30 percent capital gains tax, 1 percent tax deductible at source (TDS) and no provision to offset or even carry forward the losses.
