Day 58 - New crypto provisions are very harsh, we can already see the impact - Major Indian crypto projects have moved out of India, & Exchange trade volumes have significantly dropped. Users are moving to dex & international exchanges
GOI should reconsider.
#ReduceCryptoTax
Day 57 - India becomes the first country In the world to tax crypto like gambling, betting, horse racing. These tax rules will definitely change in the future but hope by then it's not too late.
#reducecryptotax
DAY 53 - As per the New amendment in Finance bill, 2022 loss set off in any pair won't be allowed. Traders will be liable to pay a flat 30% tax on every profitable trade, even if you lose capital in the following trades.
Loss setoff in trades should be allowed.
#reducecryptotax