Dharmendra Pradhan Resigns, but what about Nirmala Sitharaman and Cryptos?

[Nrcewker]

As we know, after the NEET paper leak and the CJP protests, Dharmendra Pradhan has resigned from the post of Education Minister. But are we completely forgetting about Nirmala Sitharaman?

She was the main person behind the high taxes in several areas, specially the 30% tax on cryptocurrencies.

There have been rumours that Nirmala Sitharaman may step down as Finance Minister and that a cabinet reshuffle could take place, with a new minister taking over. If that happens, do you think the new Finance Minister will reconsider the crypto tax, or will the government remain adamant and keep it at 30%?

If they are not willing to reduce the tax rate, then at least the government could:

• Allow crypto losses to be set off against gains.
• Make crypto tax laws simpler.
• Simplify the TDS rules.
• Provide clear tax guidance for staking, DeFi, and other digital assets like coins, NFTs.

What are your thoughts on this?

[JSRAW]

Good luck with rallying middle class on this issue. Tax payers and crypto folks are minority. They are busy making money for them and government, they don't have street power, except their vote.

Nimmo tai won big when she announced no income tax payable up to 12.75 lakh. That's more than 12k usd in a developing country where per capita is hanging around $3k ish.