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Trading volume of exchange continues to decline. People Transferring Crypto on Dex or Pvt Wallets what is the future of Indian crypto exchange?
Now money laundering will also start. people will work in cash, Govt does not have any idea how much tax will be lost.
#reducecryptotax
เค เคซเคผเคธเฅเคธ, From 1st April, 30% flat tax will have to be paid on #CRYPTO Loss will also not be set off.
1% tax on every TRANSACTION applicable from July 1
The govt has become deaf, it does not have to do good to the poor nor allow India to progress in new technology.
#reducecryptotax
.@PMOIndia If the Indian govt does not change its unjust decision, then crypto trading & mining will be completely stopped.
We demand, Govt should formed a committee, in which people with crypto understanding should also be there and can take the right decision.
#reducecryptotax
Invest Rs. 100 into Coin1
Earn Rs. 100 profit
Now you have Rs. 200
Invest this Rs. 200 in Coin2
Coin2 goes to Rs. 0 (not all ideas work)
Now you have Rs. 0
Tax Time:
According to upcoming tax law in India
You pay Rs. 30 as tax
You are now at - Rs. 30
#UnfairCryptoTax
People see future in crypto, that's why more and more people's joining crypto.
People's love new technology, new innovation
Please don't kill this technology by putting TDS and 30% tax
#reducecryptotax#reducecryptotaxDay36
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