India's crypto tax is brutal and broken.
30% flat tax on gains.
Zero loss offset.
No carry-forward.
No deductions.
You can lose 90% of your portfolio and still owe tax on that one 10% winner. The system punishes risk-takers while offering zero protection.
Most of these rules were drafted before crypto even existed, yet they're being forced onto a market that moves 24/7 with insane volatility.
India is effectively pricing out retail and pushing capital offshore. If you're trading in India, you're playing on hard mode with no save points.