Hi @WazirXIndia, we want our crypto back 100% at the current market price.
Please refund, everyone is waiting.
We are missing this bull market
- Wazirx victims
Repost and ❤�� for better reach.
#WazirX
HELP INDIAN SHARE MARKET COMMUNITY.
Maine #Groww main #ipo apply Kiya Mera Phonepay me mandate aya maine pin deke mandate accept Kiya ,Fir phpay me dikharaha hey not complete due to technical problem in bank ,aur groww main dikha raha hey "application
If @cz_binance was not serving time, I am sure he would have bailed out Wazirx.
Or maybe he will, once he is back in September.
$235 Million for Binance is peanuts.
@cryptoady Adi bhai,
Ab jo hua wo to ho hi gaya
Lekin ab agar 55% bhi jaldi hath main nehi aye to next bullrun sayad hum kuch kar bhi nehi payenge.
bullrun ayega chala jayga aur hum wazirx me baithe dekhte reh jayenge.
Think about this @WazirXIndia@WazirXCares@NischalShetty
Last 3 4 days I'm trying to get my trade report from my @WazirXIndia account.
I generated report many times but still not get the file,I am not able to file my itr without the statement. #WazirXIndia management is too slow or I think lagging behind. Please try to give the reports
Beside the hacking issues please look on these basic functions in the systems or else it's pathetic to use on a practical basis @NischalShetty .
Not got the trading report after 5 6 days of request, we are talking about crypto,but not able to provide a excel file fast 😕
Last 3 4 days I'm trying to get my trade report from my @WazirXIndia account.
I generated report many times but still not get the file,I am not able to file my itr without the statement. #WazirXIndia management is too slow or I think lagging behind. Please try to give the reports
Indian Finance Minister: A Call for Crypto Tax Reform and Reduced TDS
The current state of India’s cryptocurrency taxation and TDS (Tax Deducted at Source) policies has been a topic of intense debate among investors and the wider financial community. As the digital asset market continues to grow, it is imperative that India adopts a more progressive and balanced approach to crypto taxation. This call for reform is directed at the Honorable Finance Minister of India.
Urgent Need for Crypto Tax Reform
India’s current tax regime imposes a 30% tax on profits from cryptocurrency transactions, treating them similarly to speculative income. Additionally, a 1% TDS should be reduced. These measures, while aimed at curbing illegal activities and ensuring tax compliance, have inadvertently stifled the growth of the crypto sector.
Proposed Changes:
1.Reduce the Tax Rate on Crypto Gains:
Lowering the tax rate from 30% to a more moderate figure, such as 15%, could encourage more transparent and compliant participation in the market. This would align crypto taxation with long-term capital gains tax rates, fostering a healthier investment environment.
2.Reconsider TDS Mechanism:
The current 1% TDS on all transactions can be cumbersome, especially for active traders and businesses.
3.Clarity and Education:
Providing clear guidelines and educational resources on crypto taxation will help individuals and businesses navigate the tax landscape effectively, ensuring compliance and reducing unintentional breaches.
Benefits of Reformed Tax Policies
Adopting a more balanced approach to cryptocurrency taxation and TDS will have several positive outcomes:
•Boosting Economic Growth:
A fair tax regime will attract more investors and businesses to the Indian crypto market, driving innovation and economic growth.
•Enhancing Compliance:
Simplified and reasonable tax policies will encourage better compliance, increasing overall tax revenue without stifling market activity.
•Global Competitiveness:
By fostering a favorable environment for digital assets, India can position itself as a global leader in the cryptocurrency space, attracting international investment and talent.
Friends, if you agree, please repost and tag as many people as possible to ensure this message reaches the right ears.
#reducecryptotax
@FinMinIndia
It is high time to revised basic exemption limit in Income Tax
No Tax below ₹5lacks crypto profit.
Crypto is not always profitable, without loss set off, trader will impact.
#reducecryptotax