Manivek

Homosapien

[Pushpendra Singh @pushpendrakum]

Dubai वालो को बताओ ये तो Gambling हे

[Pushpendra Singh @pushpendrakum]

Quick summary ( Finance Bill 2022)

✅ 30% Flat tax on every profit.
✅1% TDS on every trade (July Onwards)
✅ Tax on NFT
✅ Tax on transfer
✅No Loss setoff.
✅ No infra cost setoff.
✅ Tax on all digital gifts

Consultation going on...

#reducecryptotax

[Pushpendra Singh @pushpendrakum]

Will 30% tax and 1% TDS kill #web3 and #Metaverse future in India ?

No YES YES
👇 👇 👇

[Pushpendra Singh @pushpendrakum]

30% flat tax and 1% TDS on the underlying tech of #web3 is not fair.

Crypto is not gambling
Crypto is the future 🔥
Crypto is the power
Web3 is future technology

@PMOIndia

#reducecryptotax

[RK Gupta (EarnWithRK) @earnwithrk]

About 80%, The money of the poor and middle class is invested in crypto.

With the hope that maybe someday their financial condition will also improve with crypto

Destroying their dreams by imposing 30% tax on crypto and sabotaging the campaign for Digital India
#reducecryptotax

[Sumit Gupta @smtgpt]

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

[Nikhil99 @NWaman99]

Why TDS is 1% why can't it be no TDS or 0.1% ?
@nsitharamanoffc every time india take backfoot to adopt any technology why ?

We can't see any future in india who is responsible?
@PMOIndia
@open4profit
@NischalShetty

#reducecryptotax

@nsitharaman can u Explain this logic

[Ruhez Creation @Mijanur1998]

My current situation 😪😪 #reducecryptotax

[Dr. Sathvik Vishwanath (Unocoin) @sathvikv]

The new taxation rules will become the law soon in India. It is time for the Govt to see the industry closely and take a quick holistic view. The present rules are very much not user friendly and unfair. #reducecryptotax #faircryptotax Day-50 #IndiaWantsCrypto
@Unocoin

[Gaurav Dahake @gauravdahake]

1. Loss should be allowed to offset across different tokens
2. 1% TDS is pointless. (Should be on exit to fiat)
3. 30% should be slab wise

If the government works on this we promise crypto would at least be 10% of the vision of 5 trillion economy from India

#ReduceCryptoTax

[RK Gupta (EarnWithRK) @earnwithrk]

Before the FinanceBill is passed, the govt should consider crypto tax properly.

30% Tax will kill Many People's Dreams

Tax should be in slab

It is necessary to remove 1% TDS.

Crypto, Web3 & metaverse is no different of @narendramodi dream of Digital India.
#reducecryptotax

[Aditya Singh @cryptoady]

DAY 50 - Finance bill 2022 with proposed crypto tax rules will be discussed & probably will be passed in the Lok Sabha today.

Hope GOI brings in amendments as proposed crypto tax rules if not changed will impact the growth of the crypto industry in India.

#reducecryptotax

[Pushpendra Singh @pushpendrakum]

Soon we will see world largest blockchain city in the UP, with support of the government & several major corporations. Wait 4 Yogi Ji announcement

Many times @narendramodi ji talk about #Blockchain
I hope government will reduce tax & ignore RaayChand advices.
#reducecryptotax

[Pushpendra Singh Digital @PushpendraTech]

This is just the crypto starting, India is gonna capture the global market & position itself as global superpower.

Noida will be next silicon valley just wait for Yogi ji announcement.

I hope @nsitharaman will listen crypto community voice & reduce crypto taxs
#reducecryptotax

[Pushpendra Singh Digital @PushpendraTech]

What's the best tax % government should take?

What do you think?

Comment your suggestion

#reducecryptotax

[Manivek @_m_square_]

@SonalKushwaha

[Pushpendra Singh @pushpendrakum]

Why current tax system will kill crypto future in India?

✅ Exchanges will move abroad
✅ Small traders will not able to pay 30%
✅ #web3 & #Metaverse developers will not build
✅ 1% tds will reduce captial

R u with me ?
🔘 Yes
⚪️ No
#reducecryptotaxDay16
#reducecryptotax

[Pushpendra Singh Digital @PushpendraTech]

What we want from government.

✅ Max tax should be 15% along with slab system
✅ 1% tds should not be applicable on trades (buy/sale)
✅ Loss should be carry ⏩ forward
✅ There should not be any charge on transfer

#crypto
#reducecryptotax
#ReduceCryptoTaxDay16

[Manivek @_m_square_]

@SonalKushwaha U r a loozer

[Anuj Chaudhary @AnujChaudhary25]

Thousands blockchain developers, hundreds Web 3.0 start-ups, lakhs of job opportunities, and what not!

India wants favourable crypto tax policy to stop another brain drain happening in coming years

#reducecryptotax #reducecryptotaxDay11 #Crypto 🇮🇳✅