Crypto is future, not a gamble.
Small traders can't survive with 30% tax and 1% TDS as they got a very little profit from their trades.
Even when we get Loss it's our own problem, it can't be setoff with our other profits.
@nsitharaman@PMOIndia#reducecryptotax
Indian government should reduce taxes and attract large amount of crypto investments .
👉 30% tax should be in slab's.
👉 Loss should be carry forward
👉 TDS should be 0
👉 Crypto should not be consider in gambling category
Please consider @nsitharaman#ReduceCryptoTax
The clarification provided by the ministry of finance is even more disheartening when they say losses cannot be set off among different cryptos in same FY. This means people may end up paying tax with zero profit.#reducecryptotax#faircryptotax Day-49 #IndiaWantsCrypto@Unocoin
Just in:
You won't be able to set off losses incurred in one virtual digital asset against the income in other virtual digital assets.
E.g: you earned profit in Bitcoin trading and loss in Ethereum.
$ETH Loss cannot be adjusted against $BTC profits.
#UnfairCryptoTax
Why Can’t Indian Government Plan Something Smooth so that both जनता & सरकार can earn Peacefully.
No Issue with tax but reduce some #reducecryptotax
And Why TDS 1% why Can’t it be NO TDS or 0.1% ? @nsitharaman@PMOIndia
#reducecryptotax before 1 April crypto community is waiting for this change this is totally unfair we are not gambling we are investing our money in crypto like stock market
Across the world Countries are approaching exchanges and adopting crypto.
India having world biggest crypto community. India has massive potential to become leader in the #crypto
But the flat 30% taxation is killing indirect Indian crypto investors.
#ReduceCryptoTax
India will be leader in #Metaverse and #web3.
India will play a vital role in regulating technology.
#Blockchain
Government should not put 30% tax.
@PMOIndia please support Blockchain technology
#reducecryptotax
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
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