30% tax on Digital assets now in India.
So if someone sells a work for 1 ETH on foundation, ~0.1 costs gas, transfer fee, settlement etc.
0.15 goes to foundation as fees.
0.225 goes as tax.
Effectively one ends up with 0.525 ETH. Not the digital India that was promised. ๐ค๐ค
* FND Invite GIVEAWAY * ๐ฅ
Hello Everyone, I am Giving away 2 FND Invites. ๐๐
Feel free to Shill Your Work Down there. Lets See who Wins ๐
Rules - Follow me if u want.
- Retweet so others can get a opportunity ๐
#FoundationInvite#NFTCommunity#foundationinvites#FND