Harsh

[CoinDCX : India Ka Crypto Coach @CoinDCX]

Knowledge ke peeche bhaago📖 Excellence ka pata nai par 💰jhak marke aa jaegi🚀

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#CoinDCX #TryCrypto
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[Crypto Rover @cryptorover]

If #Bitcoin doesn't reach $50,000 today, I will give $2,500 to one lucky follower! 👀🚀

[Crypto Rover @cryptorover]

COME ON #BITCOIN PUMP TO $50,000 OTHERWISE, I AM $2,500 LIGHTER 😂

[Aditya Singh @cryptoady]

Result of capital lockup based on 1% TDS on trade rule.

Trade no 11 - 10% of Capital will be locked
Trade no 23 - 20% of Capital will be locked
Trade no 36 - 30% of Capital will be locked
Trade no 51 - 40% of Capital will be locked
Trade no 69 - 50% of Capital will be locked

[Aditya Singh @cryptoady]

Tried to calculate how no setoff loss between different types of crypto pairs will look like.

Also, we don't know if trade loss setoff is even allowed in the same pair or not - logically, it should but cant say for sure.

*Fixed some errors. Hope this is final one.

[Aditya Singh @cryptoady]

We in the standing committee were expecting the crypto bill to be brought to the committee last Aug. Its still not ready.

I would suggest get a proper task force with professionals involved who will draft this otherwise this bill is going to be a disaster.

- Panaki Misra, BJD

[Aditya Singh @cryptoady]

Finance bill passed in Lok sabha without any positive change in crypto tax rules.

[Aditya Singh @cryptoady]

Started petition: Urging the government to reconsider & reduce crypto tax. These new crypto tax rules are too harsh & will hurt the entire industry.

Petition Link - https://t.co/B0OKWedD5q

#reducecryptotax

[Shivam Chhuneja @shivamchhuneja]

The industry and the country needs an all inclusive tax structure to progress!

#reducecryptotax #reducryptotaxDay51

[Crypto Jargon @Crypto_Jargon]

Putin will pay 30% tax too?

#reducecryptotax

[Neeraj Khandelwal @neerajKh_]

1% TDS on Crypto transactions means you pay 1% of your order to the govt every-time you place an order.

This is a major problem with proposed taxation.

#ReduceCryptoTax

[Aditya Singh @cryptoady]

As per the new amendment proposed in the Finance bill 2022 to sections of crypto tax.

Loss cant be set off against any profit. Similar to betting tax rules.

#reducecryptotax

[Dr. Sathvik Vishwanath (Unocoin) @sathvikv]

Finally parliament passed the new crypto taxation bill today! There were no material changes☹️. Now this could be an year long fight till next FY to get it amended. Crypto industry cannot give up without a fight. #reducecryptotax #faircryptotax Day-52 #IndiaWantsCrypto
@Unocoin

[Nischal Shetty @NischalShetty]

Heartfelt thanks and my admiration for you on raising the 1% TDS issue and explaining it so plainly

Thank you @mpriteshpandey 🙏

#ReduceCryptoTax #UnfairCryptoTax

[CoinDCX : India Ka Crypto Coach @CoinDCX]

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[CoinDCX : India Ka Crypto Coach @CoinDCX]

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[CoinDCX : India Ka Crypto Coach @CoinDCX]

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[CoinSwitch: India's Simplest Crypto App 🚀 @CoinSwitch]

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[CoinDCX : India Ka Crypto Coach @CoinDCX]

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[Harsh @Harsh708070]

#reducecryptotax #CryptoTax
#IndiaWantsCrypto

[Sumit Gupta (CoinDCX) @smtgpt]

While taxation is a positive step, 30% tax will discourage traders. We believe that crypto-assets should be treated fairly and at par with other asset classes like equities to enable growth of the industry in the long term.

#ReduceCryptoTax