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)
🔴JUST THINK🔴
Australia to Make Major Move Toward Regulating #Crypto
The new reforms will also address crypto tax and investor protection.
But the Indian govt hv nothing to do with it.
They have to rob the poor people who want to make their future in crypto.
#REDUCECRYPTOTAX
If we won't be able to set off profit & loss in crypto with other crypto, Trading will be dead in any case. Government need to understand #crypto is not a Fixed deposit and like you can't earn in every stock you can't earn in every crypto. Please rethink 🙏
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
#Taxation gonna kill #Crypto growth and T₹@D€₹ in 🇮🇳
1. High tax without Slab (30% We can pay but (slab rate + Respect) and 😡😡😡 losses should be C/F instead of set off .
2. 1% #TDS gonna wipe out our Principle 😡😡
🙏
#FM 😡
#reducecryptotax 🇮🇳
🥺🙏
Flat 30% tax (Rich or Poor), 1% TDS, No deduction, Loss cant be carried forward.
If these tax policies are not changed.
Buidler will still buidl but they will buidl from another country, adding to their GDP. Talent outflow will continue.
#reducecryptotax#reducecryptotaxDay12
सत्र 2021 22 का स्टेट्स शो नही हो रहा है अभी Some Error Occured लिख कर आ रहा है
Post Metric OtherThan Inter(Renewal)
ना की PFMS पर कोई स्टेटस दिखई दे रहा है!
इस सत्र छात्रों की छात्रवृत्ति भेजा जाएगा भी नहीं?
#scholarship#upscholarship@UPGovt@CMOfficeUP
सत्र 2021 22 का स्टेट्स शो नही हो रहा है अभी Some Error Occured लिख कर आ रहा है
Post Metric OtherThan Inter(Renewal)
ना की PFMS पर कोई स्टेटस दिखई दे रहा है!
इस सत्र छात्रों की छात्रवृत्ति भेजा जाएगा भी नहीं?
#UpScholarship@upscholarship1@myogiadityanath@PMOIndia@narendramodi