Sanjay K

[Sanjay K @sanjay987k]

Quite annoying experience from @ICICIBank credit card team. Even after disabling the promotional calls, receiving more than 10 calls daily. Even the customer care team couldn't help in this regard. I express my deepest frustration and would appreciate any measures the bank takes.

[sampath.sol @babadook598]

Hi @mygroww @ppfas @Growwamcltd , I want to redeem my MF but I’m told there’s a name mismatch (Groww: Sampath Kumar | Folio: Kulkarni Sampath). If KYC was verified while opening, how was this allowed? Please resolve without forcing offline steps — it’s 2025! #Groww

[sampath.sol @babadook598]

https://t.co/PsNN7YGe5F

https://t.co/CtsRFpfPqK

[sampath.sol @babadook598]

Conclusion:
India stands at a crossroads where the potential of blockchain and cryptocurrency could be harnessed for economic growth. However, current policies are leading to an exodus of crypto activities, resulting in billions in lost tax revenue. Reforms in taxation, clearer regulatory frameworks, and incentives for domestic adoption might be key to reversing this trend and capturing lost revenue.
#Cryptocurency #CryptoTax

[sampath.sol @babadook598]

Capital Flight:
With the high tax rates and regulatory hurdles, there's a notable capital flight where Indian investors are not just moving their trading activities but also their investments abroad, seeking more crypto-friendly environments. This not only reduces the capital available for domestic investment but also the potential revenue from capital gains tax.

[sampath.sol @babadook598]

Economic Activity and Job Creation:
The crypto sector could have been a significant job creator and booster for tech industries. However, the current regulatory environment and high taxation discourage startups and tech development in this space, leading to missed opportunities in fostering a new tech economy, which in turn means less tax revenue from business activities and employment.
[](https://t.co/RiqmOJbamU)

[sampath.sol @babadook598]

Loss in GST:
The lack of clear regulations on cryptocurrencies also means that transactions often bypass the Goods and Services Tax (GST). This results in an uncaptured revenue stream that could otherwise contribute significantly to state and central funds.

[sampath.sol @babadook598]

Impact of Regulatory Measures:
The regulatory uncertainty and stringent tax policies have not only made domestic trading less attractive but have also stifled innovation within the sector. Indian crypto exchanges have seen a sharp decline in trading volumes due to these measures, with a notable 34% drop in user activity on major platforms since the start of 2024. This has led to a decrease in potential tax revenue from domestic exchanges.

[sampath.sol @babadook598]

Crypto Taxation and Offshore Movement**:
The Indian government's approach to taxing cryptocurrencies has inadvertently pushed traders and investors towards offshore platforms. With a 30% tax on crypto gains and a 1% Tax Deducted at Source (TDS) on transactions, many users have migrated to platforms like Binance, Kraken, and KuCoin. This migration is estimated to have cost India over ₹6,000 crore in tax revenue since July 2022. If current trends continue, the loss could escalate to ₹17,700 crore over the next five years.

[sampath.sol @babadook598]

India's Crypto Revenue Loss: The Unseen Economic Drain

India's venture into cryptocurrency has been marked by a significant potential for revenue, but current policies and market behaviors are leading to considerable economic losses: 🧵👇🏻

[sampath.sol @babadook598]

Exciting news from the Solana ecosystem!
Massive 27.7Million Wallets airdrop!!
🧵 @Slinky_Sol has just announced a massive airdrop! 🎉 They're distributing 10% of their token supply to 27.7M @Solana wallets that held over 0.006 $SOL during the snapshot on Aug 30.
#Solana #Airdrop #SLINKY

[sampath.sol @babadook598]

HUGE Shoutout to @HitmonleeCrypto and @Dune for the $JUP Volume Checker on Dune Analytics!

https://t.co/vNx2G0GBHr

If you're diving into the world of Jupiter Exchange ($JUP) and need a solid way to track volume, the $JUP Volume Checker on Dune is your go-to. Here's why I'm loving this tool:

-Ease of Use: No need to connect your wallet. Just make a free Dune account and you're ready to track volume by simply pasting an address. It's straightforward and hassle-free.

- Always Accessible: Thanks to the creator's foresight, there's even a backup version available, ensuring that even if the primary dashboard goes down, you've got a way to keep tabs on your volume. Reliability at its finest!

- Community-Driven: Built by the community for the community, this dashboard reflects the collaborative spirit of the crypto space. It's a testament to how powerful open-source analytics can be when everyone pitches in.

- Insightful: Provides a clear view of volume metrics which is crucial for anyone looking to gauge the activity and health of their investments on Jupiter Exchange.

A big thank you to the creators for making this tool accessible and effective. It's tools like these that make navigating the crypto markets a bit easier and a lot more transparent. Keep up the fantastic work!

Cheers to more transparency and community support in the crypto world!!

[sampath.sol @babadook598]

🔍 ITAT India Clarifies Cryptocurrency Taxation - Here's What You Need to Know 🇮🇳

In a landmark decision, the Income Tax Appellate Tribunal (ITAT) in Jodhpur has redefined how cryptocurrency profits are taxed in India. Here's a thread breaking down the key points: 👇🏻

[Chess.com - India @chesscom_in]

The Legend: @vishy64theking

[ChessBase India @ChessbaseIndia]

Magnus Carlsen's most memorable game at Norway Chess!

Edit: @ram_abhyudaya

#chess #magnuscarlsen #praggnanandhaa #hikarunakamura #norwaychess

[Sanjay K @sanjay987k]

@AnupNaha1 Congratulations Sir 🎊

[ChessBase India @ChessbaseIndia]

Goosebumps Guaranteed ❤️🇮🇳

#chess #gukesh #chessbaseindia #candidates2024

[ChessBase India @ChessbaseIndia]

17-year-old Grandmaster D Gukesh is the Champion of FIDE Candidates Chess Tournament 2024!!

Gukesh scored 9/14 points to clinch the first place. A huge moment for Indian Chess! After Vishy Anand, he is only the second Indian player to win the Candidates Tournament.

With this amazing victory, Gukesh will challenge the reigning World Champion Ding Liren in the World Chess Championship match!

#chess #chessbaseindia #GukeshFTW #Candidates2024

[sampath.sol @babadook598]

Amazing event!!!! 💯🔥
Excited for #Atherstack 6
@atherenergy
@shashankkavoor
#AtherCommunityDay #AtherCommunityDay24

[sampath.sol @babadook598]

pump til open
dump as hard as you can
eat the dip
test the recovery
then send it 🫡

[Sanjay K @sanjay987k]

@babadook598 @nsitharaman @ChangeOrg_India #support