Crypto Industry contributes significantly to country in the form of providing Employment, FDI, GST, & tax revenues to the GOI. GOI should aim at bringing favourable crypto tax polices & encourage this industry not discourage it while mitigating the risks.
#Reducecryptotax
People who make and run businesses are treated with a sense of pride so that they can create jobs. We don't treat them as people from whom we have to suck out everything.
- Smt @nsitharaman while replying on The Finance Bill 2022 in Lok Sabha.(2/2)
New crypto tax policy is going to create so much confusion. Especially with tax calculation on staking,, lending, borrowing, airdrops, forks, wallet transfers, P2P transfers, gaming, gifting, donations, etc.
Taxing crypto at a flat rate of 30% like gambling, is not a good fit for a technology with huge potential in the long run.
#reducecrptotax#UnfairCryptoTax
Crypto Community - Crypto tax is unreasonable.
Coin switch CEO - Very welcome move of the taxation in the budget.
🤦♂️ Apna business chalta badh mein jaye janta
Voice should be heard by 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
🙏
#bitcoin#reducecryptotax#reducecryptotaxDay31
Exchange should talk about users tax concern.
They are busy on advertisement. This time advertisment will not work if you will not support your audience.
#reducecryptotax#reducecryptotaxday31
New crypto tax policy if not changed will have a devastating impact on the entire crypto industry.
29 days remaining before it gets approved and becomes applicable.
#reducecryptotax#reducecryptotaxDay31
What we want from our 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
🙏
#bitcoin#reducecryptotax#ReduceCryptoTaxDay26
The new crypto tax policy will be applicable in 32 Days.
New tax policy won't impact investors who already fall under the higher tax bracket but it will impact small traders/investors, miners and new crypto start-ups.
#reducecryptotax#reducecryptotaxDay26
TDS charge on every spot trade will drain liquidity from Indian exchanges.
We are not against the tax, tax should be reasonable.
#reducecryptotax#reducecryptotaxDay23