DonDust

[Nischal Shetty @NischalShetty]

India needs to compete with favourable crypto policies else it will lose its current strong position in Web3

I’m talking about ‘India’ as a country

‘Indians’ will succeed irrespective

#UnfairCryptoTax #Web3

[Shivam Chhuneja @shivamchhuneja]

Day 62 - Crypto is much more than trading and "crypto".

All of blockchain should not pay the price of some people treating crypto as gambling, if it does our country might pay the price in the innovation race!

#reducecryptotax

[Shivam Chhuneja @shivamchhuneja]

Let's support innovation, stop the brain drain and promote technological development!
#reducecryptotax #reducecryptotaxDay56

[Shivam Chhuneja @shivamchhuneja]

We just sit and clap wow, look at what they are doing..then we will want them to hire us in cheap and work on their projects for 15 hours a day and we will be happy that we are working for a foreign project.

[Shivam Chhuneja @shivamchhuneja]

We need more signatures!! Please share this petition initiated by @CryptooIndia
https://t.co/W5n5VBxqcZ

[Nischal Shetty @NischalShetty]

Invest Rs. 100 into Coin1
Earn Rs. 100 profit

Now you have Rs. 200

Invest this Rs. 200 in Coin2
Coin2 goes to Rs. 0 (not all ideas work)

Now you have Rs. 0

Tax Time:
According to upcoming tax law in India

You pay Rs. 30 as tax

You are now at - Rs. 30

#UnfairCryptoTax

[Aditya Singh @cryptoady]

New crypto tax policy if not changed will kill #Bitcoin mining in India.

In a few years when #Bitcoin will become a world reserve asset, we will regret not controlling enough hash power as a nation.

#reducecryptotax #reducecryptotaxDay40

[Shivam Chhuneja @shivamchhuneja]

The industry and country needs a great tax structure to progress!

#reducecryptotax #reducecryptotaxDay38

[Aditya Singh @cryptoady]

30% Flat crypto tax will impact investors who fall under lower tax bracket.

1% TDS will kill crypto trading/exchange liquidity thus result in lower GST collection.

No deductions will kill Crypto Mining.

GOI should reconsider new crypto tax policy.

#reducecryptotaxDay36

[Nischal Shetty @NischalShetty]

India saw about $100B in trading volume last year

This trading would be from millions of people combined

1% TDS = $1Billion

But majority of this TDS would need to be refunded as Turnover is NOT profit

Calculation below:

[Shivam Chhuneja @shivamchhuneja]

A lot of people usually say tax hatao, 0 tax hona chahiye but we people in blockchain are just requesting a proper tax structure.
We welcome a tax structure that is all inclusive❤️🇮🇳

#reducecryptotax #reducecryptotaxDay35

[Coin Bureau @coinbureau]

Orange Pill Moment: Realising that the money in your bank account isn't really yours and never really existed in the first place 💊

#Bitcoin

[DonDust @D0nDust]

@Bitcoinsensus Don't be insensitive. $1000😭