Budget2024
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For a few months now, there have been rumors that India's finance department will take steps to lower the tax rate on crypto, but nothing has happened.
- India's finance minister, Nirmala Sitharaman, presented the budget
without introducing any changes to the controversial tax deducted at
source (TDS) policy affecting the crypto industry.
- The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
-
Despite efforts from the domestic crypto industry and a think tank
advocating for a reduction in TDS, no changes were announced in the
budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
-
The TDS policy has led to the movement of many crypto transactions
offshore, impacting revenue, and the recent budget did not address the
industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
- India's finance minister, Nirmala Sitharaman, presented the budget
without introducing any changes to the controversial tax deducted at
source (TDS) policy affecting the crypto industry.
- The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
-
Despite efforts from the domestic crypto industry and a think tank
advocating for a reduction in TDS, no changes were announced in the
budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
-
The TDS policy has led to the movement of many crypto transactions
offshore, impacting revenue, and the recent budget did not address the
industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
BREAKING:
No income tax up to Rs 7 lakh
No changes in Income Tax.
#Crypto Tax at 30% & 1% TDS will continue. Retaining the same rates for direct and indirect taxes, including import duties
#Budget2024
No income tax up to Rs 7 lakh
No changes in Income Tax.
#Crypto Tax at 30% & 1% TDS will continue. Retaining the same rates for direct and indirect taxes, including import duties
#Budget2024
For a few months now, there have been rumors that India's finance department will take steps to lower the tax rate on crypto, but nothing has happened.
-India's finance minister, Nirmala Sitharaman, presented the budget without introducing any changes to the controversial tax deducted at source (TDS) policy affecting the crypto industry.
The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
Despite efforts from the domestic crypto industry and a think tank advocating for a reduction in TDS, no changes were announced in the budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
The TDS policy has led to the movement of many crypto transactions offshore, impacting revenue, and the recent budget did not address the industry's concerns.
SBTC
#Budget2024 #IndiaCrypto #BinanceSqaure #binanceIndia
#Write2Earn
-India's finance minister, Nirmala Sitharaman, presented the budget without introducing any changes to the controversial tax deducted at source (TDS) policy affecting the crypto industry.
The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
Despite efforts from the domestic crypto industry and a think tank advocating for a reduction in TDS, no changes were announced in the budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
The TDS policy has led to the movement of many crypto transactions offshore, impacting revenue, and the recent budget did not address the industry's concerns.
SBTC
#Budget2024 #IndiaCrypto #BinanceSqaure #binanceIndia
#Write2Earn
Indian Crypto Investors have Big Expectations from the Union Budget
Union Budget 2024 will impact crypto investors in India
On February 1, Indian Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25, for which all sectors are expecting big relief. The sectors which will be most affected by the budget include big sectors like automobile, health, real estate. This budget is going to affect every person, general and special. In such a situation, every person has a lot of expectations regarding this. There is also a large influx of crypto investors in India, who are expecting a lot from the Union Budget. The issues on which Indian crypto investors are most hopeful include the tax and regulatory framework on crypto.
What are the expectations of Indian crypto investors from the Union Budget
Indian cryptocurrency investors have high expectations from the Union Budget 2024–25, which are as follows
Indian cryptocurrency investors are expecting that there may be some big announcement related to cryptocurrency in the budget, in which any update related to the regulatory framework being created under the chairmanship of India can be given by the Finance Ministry.
Crypto investors have been demanding for a long time to reduce the tax on crypto trading. In such a situation, they hope from the budget that the tax on crypto profits can be reduced from 30% to 10–15%.
For a long time, there have been reports of reducing the TDS imposed on cryptocurrencies from 1% to 0.01%. In such a situation, Indian cryptocurrency investors are hoping that a major decision can be taken in the Union Budget on TDS imposed on crypto.
Investors are hopeful that any update related to India’s Central Bank Digital Currency (CBDC) e-Rupee can also be given by the Finance Ministry, such as what is the current number of its retail users and how much its usage has increased. So that crypto investors can make their future plans regarding investment.
Crypto investors are also hoping that some information can be provided in the Union Budget regarding the next step of the Indian government regarding cryptocurrency, which may contain information about the further strategy of the government regarding those foreign crypto exchanges on which the government has recently taken action due to not being registered with the FIU.
Coingabbar believes that Indian crypto investors are also excited about the budget speech. In which investors expect that Finance Minister Nirmala Sitharaman will give her reaction on recent events related to the crypto market in her speech. Which includes the recent approval of 11 spot Bitcoin ETFs by the SEC.
#Budget2024 #cryptocurrency!!! #coingabbar #BitcoinETF💰💰💰
Visit: CoinGabbar
On February 1, Indian Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25, for which all sectors are expecting big relief. The sectors which will be most affected by the budget include big sectors like automobile, health, real estate. This budget is going to affect every person, general and special. In such a situation, every person has a lot of expectations regarding this. There is also a large influx of crypto investors in India, who are expecting a lot from the Union Budget. The issues on which Indian crypto investors are most hopeful include the tax and regulatory framework on crypto.
What are the expectations of Indian crypto investors from the Union Budget
Indian cryptocurrency investors have high expectations from the Union Budget 2024–25, which are as follows
Indian cryptocurrency investors are expecting that there may be some big announcement related to cryptocurrency in the budget, in which any update related to the regulatory framework being created under the chairmanship of India can be given by the Finance Ministry.
Crypto investors have been demanding for a long time to reduce the tax on crypto trading. In such a situation, they hope from the budget that the tax on crypto profits can be reduced from 30% to 10–15%.
For a long time, there have been reports of reducing the TDS imposed on cryptocurrencies from 1% to 0.01%. In such a situation, Indian cryptocurrency investors are hoping that a major decision can be taken in the Union Budget on TDS imposed on crypto.
Investors are hopeful that any update related to India’s Central Bank Digital Currency (CBDC) e-Rupee can also be given by the Finance Ministry, such as what is the current number of its retail users and how much its usage has increased. So that crypto investors can make their future plans regarding investment.
Crypto investors are also hoping that some information can be provided in the Union Budget regarding the next step of the Indian government regarding cryptocurrency, which may contain information about the further strategy of the government regarding those foreign crypto exchanges on which the government has recently taken action due to not being registered with the FIU.
Coingabbar believes that Indian crypto investors are also excited about the budget speech. In which investors expect that Finance Minister Nirmala Sitharaman will give her reaction on recent events related to the crypto market in her speech. Which includes the recent approval of 11 spot Bitcoin ETFs by the SEC.
#Budget2024 #cryptocurrency!!! #coingabbar #BitcoinETF💰💰💰
Visit: CoinGabbar
🔥🔥 BIG NEWS FROM INDIA 🔥🔥
The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
Despite efforts from the domestic crypto industry and a think tank advocating for a reduction in TDS, no changes were announced in the budget.
The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
The TDS policy has led to the movement of many crypto transactions offshore, impacting revenue, and the recent budget did not address the industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
Despite efforts from the domestic crypto industry and a think tank advocating for a reduction in TDS, no changes were announced in the budget.
The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
The TDS policy has led to the movement of many crypto transactions offshore, impacting revenue, and the recent budget did not address the industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
📢 Crypto News
🇮🇳 The Indian Finance Minister👇
“All direct and indirect taxes will remain the same.”
#Crypto was not on the agenda in the budget💼
So, for another year, the same story.
#Budget2024 #BudgetSession #Write2Earn #BudgetSession2024 #cryptoindia
🇮🇳 The Indian Finance Minister👇
“All direct and indirect taxes will remain the same.”
#Crypto was not on the agenda in the budget💼
So, for another year, the same story.
#Budget2024 #BudgetSession #Write2Earn #BudgetSession2024 #cryptoindia
🚀 Exciting Times Ahead for 🇮🇳 Indian Crypto Enthusiasts! 🌐✨
As we eagerly await the Union Budget 2024 on February 1, the Indian crypto community is buzzing with anticipation for potential tax reforms! 📈💼 Rajagopal Menon of WazirX shares our hopes for a significant Tax Deducted at Source (TDS) cut, paving the way for a brighter crypto future. 🌟💰
Let's unite and hope for positive changes that will empower our crypto journey! 🚀🤞 Stay tuned for updates and let's make some noise for the future of Indian crypto! 🇮🇳🔗 #CryptoIndia #Budget2024 #TaxReforms #CryptoRevolution
As we eagerly await the Union Budget 2024 on February 1, the Indian crypto community is buzzing with anticipation for potential tax reforms! 📈💼 Rajagopal Menon of WazirX shares our hopes for a significant Tax Deducted at Source (TDS) cut, paving the way for a brighter crypto future. 🌟💰
Let's unite and hope for positive changes that will empower our crypto journey! 🚀🤞 Stay tuned for updates and let's make some noise for the future of Indian crypto! 🇮🇳🔗 #CryptoIndia #Budget2024 #TaxReforms #CryptoRevolution
BIG UPDATE FROM INDIA 🇮🇳 🔥
The #UnionBudget2024 has started. The entire Indian #Crypto Community is uniting together to get better policies.
If India wants to grow technologically and compete with other big economies, it is important for India to have betterr taxation policies for the crypto community.
The government says that #Bitcoin is used to launder money? Well, we are all ready to give all the details of our trades to the government under fair policies.
What do we even want here?
➡️ Less TDS
➡️ Loss Set-off
➡️ Tax according to income slabs
Is this too much to ask for? Absolutely not. So, let's raise our voice and get this win for crypto in this #Budget2024 🔥
$BTC $ETH $BNB
The #UnionBudget2024 has started. The entire Indian #Crypto Community is uniting together to get better policies.
If India wants to grow technologically and compete with other big economies, it is important for India to have betterr taxation policies for the crypto community.
The government says that #Bitcoin is used to launder money? Well, we are all ready to give all the details of our trades to the government under fair policies.
What do we even want here?
➡️ Less TDS
➡️ Loss Set-off
➡️ Tax according to income slabs
Is this too much to ask for? Absolutely not. So, let's raise our voice and get this win for crypto in this #Budget2024 🔥
$BTC $ETH $BNB
🚨 BREAKING NEWS: 🇮🇳 Is India's 2024 Budget About to Spark a Crypto Revolution? 😱
🔥 Dive into what the crypto sector anticipates and why it could reshape the landscape! Don't miss out on this game-changing thread! 🧵 #IndiaCrypto #Budget2024 🚀
🔥 Dive into what the crypto sector anticipates and why it could reshape the landscape! Don't miss out on this game-changing thread! 🧵 #IndiaCrypto #Budget2024 🚀
BIG NEWS FROM INDIA 🔥🔥
Claim Free Reward
- India's finance minister, Nirmala Sitharaman, presented the budget without introducing any changes to the controversial tax deducted at source (TDS) policy affecting the crypto industry.
- The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
- Despite efforts from the domestic crypto industry and a think tank advocating for a reduction in TDS, no changes were announced in the budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
- The TDS policy has led to the movement of many crypto transactions offshore, impacting revenue, and the recent budget did not address the industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
Claim Free Reward
- India's finance minister, Nirmala Sitharaman, presented the budget without introducing any changes to the controversial tax deducted at source (TDS) policy affecting the crypto industry.
- The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
- Despite efforts from the domestic crypto industry and a think tank advocating for a reduction in TDS, no changes were announced in the budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
- The TDS policy has led to the movement of many crypto transactions offshore, impacting revenue, and the recent budget did not address the industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
🚀✨ Get Ready for a Crypto Revolution in India! 🇮🇳🌐
Hold your breath as India gears up for the Union Budget 2024 on February 1! 📅 The crypto community is on the edge of their seats, dreaming of game-changing tax reforms. Rajagopal Menon of WazirX spills the beans, advocating for a major Tax Deducted at Source (TDS) cut! 💼💰
Join the chorus of excitement and let's paint the town with positivity! 🚀🌟 Together, we're shaping the future of crypto in India! 🇮🇳💎 #CryptoRevolution #Budget2024 #IndiaCryptoDreams #TaxReformsThrills
Hold your breath as India gears up for the Union Budget 2024 on February 1! 📅 The crypto community is on the edge of their seats, dreaming of game-changing tax reforms. Rajagopal Menon of WazirX spills the beans, advocating for a major Tax Deducted at Source (TDS) cut! 💼💰
Join the chorus of excitement and let's paint the town with positivity! 🚀🌟 Together, we're shaping the future of crypto in India! 🇮🇳💎 #CryptoRevolution #Budget2024 #IndiaCryptoDreams #TaxReformsThrills
BIG NEWS FROM INDIA 🔥🔥
- India's finance minister, Nirmala Sitharaman, presented the budget without introducing any changes to the controversial tax deducted at source (TDS) policy affecting the crypto industry.
- The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
- Despite efforts from the domestic crypto industry and a think tank advocating for a reduction in TDS, no changes were announced in the budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
- The TDS policy has led to the movement of many crypto transactions offshore, impacting revenue, and the recent budget did not address the industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
- India's finance minister, Nirmala Sitharaman, presented the budget without introducing any changes to the controversial tax deducted at source (TDS) policy affecting the crypto industry.
- The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
- Despite efforts from the domestic crypto industry and a think tank advocating for a reduction in TDS, no changes were announced in the budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
- The TDS policy has led to the movement of many crypto transactions offshore, impacting revenue, and the recent budget did not address the industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
🚨🚨MAJOR HIGHLIGHTS OF BUDGET 𝟐𝟎𝟐𝟒👇
❯ No change in Crypto tax (𝟑𝟎% tax + 𝟏% TDS)
❯ No income tax up to Rs 𝟕 𝐥𝐚kh.
❯ Under PM Awas Yojana Grameen, 𝟐 𝐜𝐫ore houses will be allocated.
❯ Average GST monthly collection has doubled to Rs 𝟏.𝟔𝟔 𝐥𝐚kh crore.
❯ Infrastructure spending increased to Rs 𝟏𝟏,𝟏𝟏,𝟏𝟏𝟏 𝐜𝐫 (11L 𝐜𝐫), having a multiplier effect.
❯ Fiscal deficit aimed to be reduced to 𝟓.𝟏% of GDP in FY𝟐𝟓.
Note : 👉 This was the interim Budget, not the Final budget 💼
The Government may consider tax relief in the next final budget, as major policy changes or tax reforms usually occur in the final budget rather than the interim one.
🇮🇳However, the Indian #Crypto community still demands:👇
➜ Reduction in Crypto tax
➜ Lower TDS
➜ Loss set off
#Write2Earn #reducecryptotax #BudgetSession #BudgetSession2024 #Nirmalasitaraman #Budget2024
❯ No change in Crypto tax (𝟑𝟎% tax + 𝟏% TDS)
❯ No income tax up to Rs 𝟕 𝐥𝐚kh.
❯ Under PM Awas Yojana Grameen, 𝟐 𝐜𝐫ore houses will be allocated.
❯ Average GST monthly collection has doubled to Rs 𝟏.𝟔𝟔 𝐥𝐚kh crore.
❯ Infrastructure spending increased to Rs 𝟏𝟏,𝟏𝟏,𝟏𝟏𝟏 𝐜𝐫 (11L 𝐜𝐫), having a multiplier effect.
❯ Fiscal deficit aimed to be reduced to 𝟓.𝟏% of GDP in FY𝟐𝟓.
Note : 👉 This was the interim Budget, not the Final budget 💼
The Government may consider tax relief in the next final budget, as major policy changes or tax reforms usually occur in the final budget rather than the interim one.
🇮🇳However, the Indian #Crypto community still demands:👇
➜ Reduction in Crypto tax
➜ Lower TDS
➜ Loss set off
#Write2Earn #reducecryptotax #BudgetSession #BudgetSession2024 #Nirmalasitaraman #Budget2024
🔥🚀 🅱🅸🅶 🅽🅴🆆🆂 🅰🅻🅴🆁🆃!🚀🔥
🎉 Get Ready to Party: Taxes Unchanged by Indian Finance Minister! 🎉
Hold onto your hats, traders! The tax rollercoaster remains steady, including for our beloved crypto market! 📈💸
Stay glued to your screens for all the latest updates on #BudgetSession #Budget2024 !💼✨
#Write2Earn #Finance #Taxation #Crypto #India 🇮🇳🚀
🎉 Get Ready to Party: Taxes Unchanged by Indian Finance Minister! 🎉
Hold onto your hats, traders! The tax rollercoaster remains steady, including for our beloved crypto market! 📈💸
Stay glued to your screens for all the latest updates on #BudgetSession #Budget2024 !💼✨
#Write2Earn #Finance #Taxation #Crypto #India 🇮🇳🚀
