I keep hearing how 30% income tax on crypto gains is acceptable. Think about a gentle man earning 1.5L per year. He needs to pay 45k IT. Now think if that family did not have any other income at all? It was unfair.
#reducecryptotax#faircryptotax Day-58 #IndiaWantsCrypto@Unocoin
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
sarkar chahta hi nhi hai gareeb paisa kamaye .baaten to badi badi karta hai itna dimag kyu nhi laga rhe hai ki gareeb yhi se ameer ban skta hai or khi se nhi.sarkar cahata hi nhi gareeb ameer bane #reducecryptotax@nsitharaman@nsitharamanoffc@narendramodi
30% Flat crypto tax will impact investors who fall under the lower tax bracket.
1% TDS will kill crypto trading/exchange liquidity thus resulting in lower GST collection.
No deductions will kill Crypto Mining.
GOI should reconsider new crypto tax policy.
#reducecryptotaxDay43
1% as TDS will slowly consume user principal amount and move it to government temporary accounts.
This will reduce user profit and at the end government have to return this TDS.
TDS should be removed
#reducecryptotax#ReduceCryptoTaxDay42
'Dear @nsitharaman in the #Budget2022 session, we request you to introduce reasonable #CryptoTax policies and not put #crypto at the same footing with social evils like betting and gambling', petitions @cryptoady
https://t.co/T2jf45ldGh
#Binance is donating $10 million to help the humanitarian crisis in Ukraine🇺🇦
Our focus is providing on-the-ground support through charity & collaboration.
@BinanceBCF also launched the Ukraine Emergency Relief Fund to provide emergency relief through crypto crowdfunding.
#SWIFT is a messaging service that connects 11,000 banks.
European Union is in favor to isolate #Russia from the international financial system.
Waiting for US🇺🇸 decision. How easy it is to ban or unban someone on the #SWIFT network.
#Bitcoin Vs #SWIFT
In your crypto journey, there are going to be many world events that will either bring down #Bitcoin price or throw it up.
Patience is the key here. You need to be in this industry if you are willing to be patient.
Trust me it's difficult.
It looks easy but it's not!!