Specified Person

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[Specified Person @aquib026]

@Tech_by_Ram Send

[Specified Person @aquib026]

@bountywriteups Money

[Specified Person @aquib026]

Suggestion from car buyer

PAN base ITC should be allowed to individual who is buying car for their personal use so that they can claim ITC while selling their used car.

#TaxTerrorism #NirmalaSitharaman
#GSTCouncil

[Specified Person @aquib026]

@CAAditiBhardwaj @IncomeTaxIndia What about those 2 crore ITR filed before 5th july

[Specified Person @aquib026]

@WazirXIndia Venom

[Specified Person @aquib026]

@efile_tax To refund dene me itna late ku

[Specified Person @aquib026]

@RajeevGuptaCA @epanchjanya @theicai
Is this person liable for a disciplinary action

[CryptoExplorer'𝕏 @EquityNavigator]

📁 1% TDS
└📁 30% Tax
└📁 No loss set off
└📁 No banking support

This is world worst crypto taxation ever.

#reducecryptotax

[Specified Person @aquib026]

Your net gain is nil

You have to pay tax 30% on you gain i.e 60000

Ignore the loss in Etherum

This means you are paying tax from your pocket not from your gain

I am asking from the government. is it fair for small investors and trader.

@FinMinIndia

[Specified Person @aquib026]

You have 2 situation

First one is

You bought bitcoin for Rs.100000 and sold it for Rs 300000

You made a gain of Rs 200000/-

Second situation is

You again bought Etherum for Rs 300000 and sold it for Rs.100000

You made a loss of Rs. 200000/-

#reducecryptotax

[Specified Person @aquib026]

👉Crypto is technology
👉Crypto and blockchain are future
It is not a gambling
Why are you charging 30% tax

Reduce it
#reducecryptotax

[Specified Person @aquib026]

Requesting govt to rethink in this regards and reduce TDS and tax rate and also allow transfer expense and sett off and carry forward of losses

[Specified Person @aquib026]

If 0.01% TDS on sales consideration can serve the purpose of govt then why they are charging 1% TDS

97% trader has been shifted to international and decentralised exchange who is not complying with the TDS deduction

Indirectly govt is loosing their revenue .

#reducecryptotax

[Specified Person @aquib026]

We (the crypto community) requesting the govt to reduce the rate of TDS to 0.01% and allow tranfer expense while calculating profit.

[Specified Person @aquib026]

97% volume of Indian Exchange have been transferred to foreign exchange who is not complying with the rules made by govt to deduct TDS on sales consideration.

Indian Exchange are on the verge of collapse because reduction in volume means reduction in profits.

#reducecryptotax

[Specified Person @aquib026]

Because of such high TDS investor and trader are shifting to international exchange and decentralised exchange.

Because of this blunder mistake by Govt to Impose such high rate of TDS volume of Indian exchange has been reduced drastically.

#reducecryptotax

[Specified Person @aquib026]

1)Govt should reduce TDS rate to 0.01%
2) Allow reduction of tranfer expenses while calculating profit
3)Allow to Setoff and carry forward their losses
#reducecryptotax

[Specified Person @aquib026]

@bigpey It neither pump nor dump

[Specified Person @aquib026]

@CoinDCX_Cares 🤣🤣🤣🤣🤣 new joker comes to solve the problem. You can't do anything