A lot of Machine Learning (ML) I learned during my Ph.D. was from youtube. I didn't have a guide to do this effectively and thus here it is:
A complete guide to studying ML from youtube: 13 best and most recent ML courses available on YouTube. 👩🏫🧵⤵️
Day 58
Tomorrow, new crypto tax comes into effect
The Indian Government needs to rethink this tax policy
Negative effects:
- Crypto flight to foreign exchanges
- Trade without kyc
- Grey markets
- Large tax defaulters
- Large TDS refunds
#BuildForCrypto#UnfairCryptoTax
Thank you @priyankac19 for voicing the concerns of the youth. There are millions of young Indians trying to create a career in Crypto
By supporting Web3, our nation can dominate the next evolution of the Internet
#BuildForCrypto#ReduceCryptoTax
As per the new amendment proposed in the Finance bill 2022 to sections of crypto tax.
Loss cant be set off against any profit. Similar to betting tax rules.
#reducecryptotax
We have weird structures, while difficulty of doing business is rising in our country. And then we say why is there a brain drain.
It's because we don't foster innovation!
#reducecryptotax#reducecryptotaxDay47
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
Hope to see the Government working on these calculations to ensure India does not lose millions in taxes while ensuring Indians do not lose their trading capital
#ReduceCryptoTax
0.1% TDS
Which would mean $100M in TDS. That’s the income tax generated from our calculations above
Very little to refund, traders don’t get affected much, they can continue to trade and make more profits
More profits = more income tax for the Government
#ReduceCryptoTax
Day 32
India needs to implement favourable laws for Crypto entrepreneurs & investors
We risk losing #BUIDL talent & future gains from Crypto
Issues:
1) 30% income tax irrespective of income slab
2) 1% TDS on every trade
3) No clarity for crypto entrepreneurs
#BuildForCrypto