RKY

Software Developer 😎 Crypto investor🤑🚀. $XRP $TEL $ADA $Matic $ETH $VRA

[RKY @imd_rky]

@sporsho_AI need

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@JamesEbringer m

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@davidfigeira AI

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@theSebastianSM NICHE

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@georgesttock Ai

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@ThebilalSEO pin system

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@DocumentingBTC #Bitcoin as a store of value.

[RKY @imd_rky]

Do you remember when you joined Twitter? I do! #MyTwitterAnniversary

[Keyur Rohit @CryptoKingKeyur]

🚨BREAKING: #Crypto Regulation in India 🇮🇳

#Bitcoin

[RKY @imd_rky]

The Finance Bill 2022 passed in Lok Sabha with new crypto tax rules in India.

▫️ 30% Flat tax on every profit.
▫️ 1% TDS on every trade/transaction (July Onwards)
▫️ No Deductions.
▫️ No Loss setoff.

#incometax #CryptoTaxBill #reducecryptotax #CryptoBill #cryptocurrency

[Nischal Shetty @NischalShetty]

Rs. 100 invested into Coin1
Rs. 100 invested into Coin2
Total Investment: Rs. 200

You make Rs. 100 profit in Coin1 and lose Rs. 100 in Coin2

You have to pay 30% for Coin1 profit since you won’t be able to offset Coin2 loss

You now have: Rs. 170

[Crypto India @CryptooIndia]

JUST IN :

Cost of acquisition won't include mining infrastructure cost as a deduction, Miners will have to pay flat 30% tax on the Entire Amount.

Loss from trading of one type of crypto pair (ETH/INR) cant be set off against profit from trading another type of crypto (BTC/INR)

[RKY @imd_rky]

#xrpthestandard #XRPCommunity #altcoins #ripple #sec #xrp