Can't set off losses against profits made in crypto, will kill crypto industry. Common man won't touch crypto, 30% and 1% tax is unfair enough and this further cripples everything related to blockchain #reducecryptotax@nsitharaman@nsitharamanoffc
🔴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
In India, today less than 3% of the population is covered by the 30% income tax slab.
30% crypto tax by the government is forcibly dragging the remaining 97% people into higher tax rates,
This is completely unfair.
It is important to reduce tax
#reducecryptotax#fairCryptoTax
New crypto tax policy is unreasonable & should be changed. Only a few days remain before it becomes applicable.
#reducecryptotax#reducecryptotaxDay44
1% TDS is an example of killing the golden goose
Hope to see the Government revisit this and reduce or eliminate this TDS in order to help the crypto industry grow further
#UnfairCryptoTax#reducecryptotax
Getting taxed on your income then investing it and getting taxed (possibly capital gains) on your profits makes it seem like you don't even really make any money in the end.
It's a never ending series of taxes
Hurts to even try to do the math 😫 - Copied
#reducecryptotax
30% direct tax will hurts the poor's much more than the riches. 1% TDS will decrease capital in every trade and we have to wait 14 months for claim TDS.
Rich are already in good tax slabs. They will not impacted much.
#cryptocurrency#reducecryptotax