Legalise Virtual Digital Assets (like Crypto, Stablecoin) in India. Don’t drive them offshore.
India taxes VDAs (virtual digital asset) like they are legal. But regulate it like they are illegal.
India taxes cryptocurrency at 30% Capital Gain Tax + 1% TDS; yet offers no legal recognition, no investor protection, no dedicated AML (anti-money laundering) framework.
The result is:
• 12 crore Indians invest via overseas platforms
• ₹4.8 lakh crore in VDA trading moved offshore
• 73% of India's trading volume shifted to foreign exchanges
• 180 Indian crypto startups relocated abroad
The answer is : compliance in India. Give VDAs clear asset class status in India.
A clear domestic regulatory sandbox, with strong AML guardrails can bring activity back onshore, protect investors, improve compliance and add ₹15,000–20,000 crore in annual tax revenue.
Let us not fear innovation, let us regulate it.
Prohibition is not protection, Regulation is protection.
A massive vision for Urban India is unfolding! With PMAY-U 2.0 approved, we're looking at a ₹10 lakh crore investment to house 1 crore families over the next 5 years. 🏙️🏠
This initiative emphasizes green technologies and inclusivity, paving the way for a brighter future.
A home brings dignity and an enhanced ability to fulfil one’s dreams.
With a record investment of Rs. 10 lakh crore, the Pradhan Mantri Awas Yojana-Urban 2.0 Scheme will benefit countless people and contribute to better cities.
✨ Happy New Year!! ✨
May 2024 be a chapter of prosperity and success for us all.
– Team KCAPL
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#ViksitBharat2047#RERA#IFSCA#SEBI#GiftCity
SEBI approves new framework for SM REITs, making them more accessible to investors. Game-changer in real estate industry, empowering small and medium investors. Exciting opportunities for real estate enthusiasts! 🎉🏘
#SEBI#SMREITs#GiftCity#IFSCA#RealEstateInvesting#KCAPL
KCAPL cordially invites you to attend Webinar –
“Interactive Session on WBRERA : In Light of Order by Supreme Court of India”
🗓️ Day & Date: Friday, 26th May, 2023
🕛 Time: Sharp 03:00 PM Onwardss
🔗 Registration Link: https://t.co/DVBz8G2SHw
🎤 Speaker: CA. Amit Kumar Kedia
We invite you to attend the Webinar on “DECODING AND ANALYZING FINANCIAL IMPACT OF LABOUR REFORMS”
Join us on 18th December 2020, Friday from 2:30 PM onwards
To register click on – https://t.co/4ZmYb4YXTC
Meeting Id: - 176 558 8005
Pwd: - 12345