On April 1, multiple posts on X claimed that the Indian Government had reduced cryptocurrency taxes from 30% to 5% and lowered TDS from 1% to 0.01%. Some posts referenced the Finance Minister and suggested new tax slabs or Bitcoin reserve plans. These claims went viral but lacked any official confirmation. Users quickly questioned their authenticity due to the April Fool’s Day timing and the absence of credible sources, making it clear the reports were false.
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