Alpesh Gelot

Amdavad city Police

[Keyur Rohit @CryptoKingKeyur]

#Shiba HODLers Retweet 🚀

[Keyur Rohit @CryptoKingKeyur]

Thanks Outlook India for featuring me on your feed.

#Bitcoin

[Bitcoin Duniya @bitcoin_duniya]

🔔 India's Crypto Tax Law Passed In Parliament !
The Finance Bill 2022 Of India is passed.
1️⃣ 30% tax on Crypto profit (from 1 Apr '22)
2️⃣ 1% TDS on every trade/transaction (from 1 Jul '22)
3️⃣ No Deductions
4️⃣ No Loss setoff
5️⃣ Can't carry forward loss

#Bitcoin #cryptocurrency

[Keyur Rohit @CryptoKingKeyur]

The Finance Bill 2022 approved and passed in Lok Sabha with new Crypto tax rules.

-> 30% Flat Tax on Profit
-> 1% TDS from July
-> No Deductions
-> No Loss Setoff

[Bitcoin Duniya @bitcoin_duniya]

Current Crypto Tax will kill crypto opportunities and many employment in the country.

#reducecryptotax 30% is not acceptable

[Nischal Shetty @NischalShetty]

Discouraging Crypto = Discouraging Innovation

This is one of the top reason why countries around the world are taking cautious steps in Crypto taxation

Hope Indian Government hears the youth and ensures that Indian Crypto industry remains competitive ✌️

#UnfairCryptoTax

[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

[Nischal Shetty @NischalShetty]

Breathe in

Breathe out

And #ReduceCryptoTax

[RK Gupta (EarnWithRK) @earnwithrk]

In India, today less than 3% of the population is covered by the 30% income tax slab.

30% crypto tax by the government is forcibly dragging the remaining 97% people into higher tax rates,

This is completely unfair.

It is important to reduce tax
#reducecryptotax
#fairCryptoTax

[Aditya Singh @cryptoady]

Flat 30% tax (Rich or Poor), 1% TDS, No deduction, Loss cant be carried forward.

If these tax policies are not changed.

Buidler will still buidl but they will buidl from another country, adding to their GDP. Talent outflow will continue.

#reducecryptotax #reducecryptotaxDay12

[Sumit Gupta @smtgpt]

Countries across the globe are adopting a pro-crypto approach so they become crypto hubs and get the advantage

India has immense potential to become a leader in the #crypto space but 30% taxation may affect our chances by discouraging adoption and innovation.

#ReduceCryptoTax

[Pushpendra Singh Digital @PushpendraTech]

#reducecryptotax is again trending

[RK Gupta (EarnWithRK) @earnwithrk]

.@narendramodi
.@nsitharaman
.@PMOIndia
You are charging 30% tax

but who will pay the loss in crypto if he faced any year,

who will take the responsibility for it ?

#reducecryptotax

[Dr. Sathvik Vishwanath (Unocoin) @sathvikv]

The Govt should embrace crypto industry to take advantage of the exciting investment, innovation and employment opportunities. Proposed tax rules are not at all encouraging.#reducecryptotax #faircryptotax Day-48 #IndiaWantsCrypto
@Unocoin

[Keyur Rohit @CryptoKingKeyur]

Loss from one coin can not be setoff with profit from other coins.

We want #reducecryptotax from this #UnfairCryptoTax.

[Alpesh Gelot @GelotAlpesh]

खामोशियां ~आने वाले शोर की दस्तक होती है।😇

[Alpesh Gelot @GelotAlpesh]

Please add😇
Verasity,kokoswap and baby doge coin in wazirX👍
@WazirXCares
@NischalShetty

[Alpesh Gelot @GelotAlpesh]

Plz Add VERASITY Coin(VRA) in WazirX
@NischalShetty
@WazirXCares
@BuddhaSource

[WazirX: India Ka Bitcoin Exchange @WazirXIndia]

Which crypto do you want as a gift from Santa this year? 🎅

[Alpesh Gelot @GelotAlpesh]

Why Wazir has been removed BZRX Coin,
@WazirXCares
@NischalShetty
@BuddhaSource
@WazirXNFT