Even in our religious houses we are meant to give a 10% tith on income to God as said by our pastor's,
If that is mandatory then it will become a tax.
But i believe its a contribution so its not mandatory, you will not go to jai lif you fail to pay that.
so being mandated to lay a 10% tax on our bitcoin investment I mean declared bitcoin investment is somewhat a good and fair policy for someone who is already use a tough tax regime from the government, and knowing how tax invasion can be treated as a jailable offense this make it ok to face the 10% tax demanded on declared crypto assets.
It's not on the investment, that's a misconception, but it's on the profit from the investment, the right term is "capital gains".
Either selling it for fiat (you have to pay tax on the gains) or buying an item or paying for a service, both are subject to it.