Samarth Thakur

Goodness in character is simplicity.

[Samarth Thakur @Samarth20357940]

@Lovely_finance I have old token in trust wallet how can i migrate it please share the knowledge with me

[Pixelverse @pixelverse_xyz]

Pixelverse will be listed on Bybit, register to create your Bybit account using this official link: https://t.co/sPMehJekAi and grab your share of the 400,000 $USDT prize pool

#pixelverse $PIXFI

[Samarth Thakur @Samarth20357940]

@CryptoKingKeyur UQCEps3F8k6U-CVrnmqweVML7UmQOBsJLRpqaHfz712LDF32

[Wise Advice @wiseadvicesumit]

Wanna see some magic?

Like ♥️ this tweet and see it

#Config2024

[Samarth Thakur @Samarth20357940]

@CryptoPointHi D

[Samarth Thakur @Samarth20357940]

@LorettaKrypto Grab this opportunity and farm hamster fast
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[Pixelverse @pixelverse_xyz]

Proud to have this AMA with Ton.

Let’s make @ton_blockchain and Pixelverse even greater together.

Join the AMA on Wednesday, the 26th.

$PIXFI $TON

[Pixelverse @pixelverse_xyz]

Pixelverse, the emerging game ecosystem and entertainment studio, raised $5.5M from top VCs and Web3 founders.

Investors include @Delphi_Digital , @MeritCircle_IO , @MechanismCap , @BitscaleLabs and more, along with angel investors like @borgetsebastien , @dingalingts , @graildoteth and @LucaNetz

[Samarth Thakur @Samarth20357940]

@TheUFOtoken The project is a dead cause.

[Wise Advice @wiseadvicesumit]

𝗕𝘂𝗱𝗴𝗲𝘁 𝗦𝗲𝘀𝘀𝗶𝗼𝗻 𝗶𝘀 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝗰𝗹𝗼𝘀𝗲𝗿 ⌛⌛

We need to raise our voices for #reducecryptotax so that 🇮🇳 Indian #crypto investors don't have to suffer. 

𝑸𝒖𝒐𝒕𝒆 𝑹𝑻 𝒕𝒉𝒊𝒔 𝒕𝒘𝒆𝒆��� 𝒘𝒊𝒕𝒉 #reducecryptotax and these demands 👇

❌ No TDS

👉 10% tax for long-term gains and 15% for short-term gains

✅ Loss offset should be allowed

[Pushpendra Singh @pushpendrakum]

Indian Finance Minister: A Call for Crypto Tax Reform and Reduced TDS

The current state of India’s cryptocurrency taxation and TDS (Tax Deducted at Source) policies has been a topic of intense debate among investors and the wider financial community. As the digital asset market continues to grow, it is imperative that India adopts a more progressive and balanced approach to crypto taxation. This call for reform is directed at the Honorable Finance Minister of India.

Urgent Need for Crypto Tax Reform

India’s current tax regime imposes a 30% tax on profits from cryptocurrency transactions, treating them similarly to speculative income. Additionally, a 1% TDS should be reduced. These measures, while aimed at curbing illegal activities and ensuring tax compliance, have inadvertently stifled the growth of the crypto sector.

Proposed Changes:

1.Reduce the Tax Rate on Crypto Gains:
Lowering the tax rate from 30% to a more moderate figure, such as 15%, could encourage more transparent and compliant participation in the market. This would align crypto taxation with long-term capital gains tax rates, fostering a healthier investment environment.
2.Reconsider TDS Mechanism:
The current 1% TDS on all transactions can be cumbersome, especially for active traders and businesses.
3.Clarity and Education:
Providing clear guidelines and educational resources on crypto taxation will help individuals and businesses navigate the tax landscape effectively, ensuring compliance and reducing unintentional breaches.

Benefits of Reformed Tax Policies

Adopting a more balanced approach to cryptocurrency taxation and TDS will have several positive outcomes:

•Boosting Economic Growth:
A fair tax regime will attract more investors and businesses to the Indian crypto market, driving innovation and economic growth.
•Enhancing Compliance:
Simplified and reasonable tax policies will encourage better compliance, increasing overall tax revenue without stifling market activity.
•Global Competitiveness:
By fostering a favorable environment for digital assets, India can position itself as a global leader in the cryptocurrency space, attracting international investment and talent.

Friends, if you agree, please repost and tag as many people as possible to ensure this message reaches the right ears.

#reducecryptotax

@FinMinIndia

[Samarth Thakur @Samarth20357940]

@moneygurusumit Grab this opportunity and farm hamster fast
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[Samarth Thakur @Samarth20357940]

@HamsterCEO Grab this opportunity and farm hamster fast
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[Samarth Thakur @Samarth20357940]

@binance @Cristiano Grab this opportunity and farm hamster fast
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[Samarth Thakur @Samarth20357940]

@HamsterCEO Grab this opportunity and farm hamster fast
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[Samarth Thakur @Samarth20357940]

@hamster_kombat Grab this opportunity and farm hamster fast
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[Samarth Thakur @Samarth20357940]

@teslaenergy @elonmusk Grab this opportunity and farm hamster fast
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[Samarth Thakur @Samarth20357940]

@Shibtoken Grab this opportunity and farm hamster fast
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[Samarth Thakur @Samarth20357940]

@binance Grab this opportunity and farm hamster fast
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[Samarth Thakur @Samarth20357940]

@gate_io @zksync Grab this opportunity and farm hamster fast
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