After losing millions to Terra

After losing millions to Terra’s crash, Indian investors who have recovered part of their losses through the LUNA 2.0 airdrop may have to pay taxes equivalent to 30% of the

People who received the new coin known as Luna 2.0 in an “airdrop” and live in India suffer a double whammy because the country’s tax regime penalizes crypto investments, potentially

Indian Crypto Holders Face 30% Tax on LUNA 2.0 Airdrop

In the case of Terra

In the case of Terra, backer Terraform Labs used an airdrop to compensate investors and revive its project after the stablecoin collapsed, sending the value of sister token

Terra investors in India lost big. Now they face the taxman

Indian Terra investors facing 30% tax on LUNA 2.0 airdrop

Indian investors who received the

Indian investors who received the Luna 2.0 airdrop could face a 30% tax after the new crypto law came into effect on Ap

Indian investors To Pay 30% Tax On LUNA 2.0 Airdrop

Terra Network Coin Holders in India Face 30% Tax Bills from

Crypto holders in India will

Crypto holders in India will be paying a 30% tax on Luna 2.0, the new crypto token of troubled Terraform Labs that was acquired through an airdrop, reported BeInCrypto.

Luna 2.0 Investors Face 30% Tax After Receiving their Airdrop in

Luna 2.0 Airdrop Exposes Investors in India to Tax

Indian investors who receive the

Indian crypto holders to see 30% tax on Luna 2.0 airdrop - Tech in

Indian investors who receive the LUNA 2.0 token via the airdrop will face a 30% tax. They cannot offset losses from the original LUNA token against any new gains. Terra

The law states that the “transfer” of what lawmakers termed “virtual digital assets” should be taxed at a flat rate of 30%. Tax officers are, the lawyer added, likely to see

Indian Terra Holders Worst Hit By Crash As Airdrop