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The concerns are totally understandable. The Govt is coming up with solutions that benefit them in the name of addressing the concerns. These issues cannot be sorted through unfair taxation. #reducecryptotax#faircryptotax Day-77 #IndiaWantsCrypto@Unocoin
Web3 is the future, but we also need crypto mass adoption today.
Indian exchange 💱 trading volume decreasing day by day due to high taxation.
Government should reduce crypto tax's.
#reducecryptotax
Day 60
Happy taxpayers = happy country = more progress = happy taxpayers
One way to do that is to create a tax structure that does not alienate them or take away their means of living!
#reducecryptotax
Day 60 - Nations around the world are competing to become technological leaders in Crypto but it's sad to see that in India, Crypto Industry is being treated at the same footing as those of the betting and gambling industry.
#reducecryptotax
Day 57 - India becomes the first country In the world to tax crypto like gambling, betting, horse racing. These tax rules will definitely change in the future but hope by then it's not too late.
#reducecryptotax
In Gambling if you win then you have to pay 30% tax.
If you are not winner then you have not to pay any tax.
Even you can not set off your pervious losses.
Same rules applied on crypto by Indian government.
#reducecryptotax
TDS is no problem but if it is on every trade it will deplete the trading capital of all traders indirectly asking them to leave the market. This will bring India down many many steps in the blockchain ladder!
#reducecryptotax#reducecryptotaxDay56
Day 58
Tomorrow, new crypto tax comes into effect
The Indian Government needs to rethink this tax policy
Negative effects:
- Crypto flight to foreign exchanges
- Trade without kyc
- Grey markets
- Large tax defaulters
- Large TDS refunds
#BuildForCrypto#UnfairCryptoTax
https://t.co/wSN3gPDeSw
But still not getting enough heard. If 1% tds is for tracking, it can be done with 0.05% tds as well. Someone high up there needs to think hard and this is not rocket science.
#reducecryptotax#faircryptotax Day-55 #IndiaWantsCrypto@Unocoin