CryptoTaxReform
169,631 views
13 Posts
Hot
Latest
๐ฃ South Korea's right-wing People Power Party has proposed delaying the 20% #crypto gains tax by 3 years, pushing it from 2025 to 2028.
The tax faced heavy backlash and was postponed twice. Around 6.5M citizens (12.5% of the population) used crypto by the end of last year.
#SouthKorea #cryptotax #CryptoTaxReform #TrendingTopic
The tax faced heavy backlash and was postponed twice. Around 6.5M citizens (12.5% of the population) used crypto by the end of last year.
#SouthKorea #cryptotax #CryptoTaxReform #TrendingTopic
The Indian government has to #ReduceCtyptoTax now or later.
1% TDS on each trade makes no sense.
People will use Indian CEX for HODL only. So exchanges will suffer with volume.
Some will go for loopholes and a % of market will turn into grey market.
Govt will lose revenue.
#IndianRegulation #IndiaCryptoRevolution #CryptoTaxReform #indiabanURL #cryptocurrecny
1% TDS on each trade makes no sense.
People will use Indian CEX for HODL only. So exchanges will suffer with volume.
Some will go for loopholes and a % of market will turn into grey market.
Govt will lose revenue.
#IndianRegulation #IndiaCryptoRevolution #CryptoTaxReform #indiabanURL #cryptocurrecny
๐ CEO of CoinDCX, Sumit Gupta, is pushing for change! ๐ผ He's lobbying the Indian government to reduce crypto trading tax (TDS) from 1% to 0.01%. ๐ฎ๐ณ๐ High taxes caused a 97% drop in trading volume for exchanges like WazirX. โฌ๏ธ Let's ease the burden! ๐ช #BitcoinWorld #CryptoTaxReform #IndiaCrypto ๐๐
See original
Unlocking India's Crypto Power: A Vibrant Call for Tax Cuts
Introduction :
In the dynamic whirlwind of cryptocurrencies, India stands at a decisive crossroads. The urgent need to lower taxes on cryptocurrencies is not just a request; it is a strategic necessity to unlock the countryโs digital potential.
Why reduce taxes on cryptocurrencies?
๐ Global Competitiveness: To shine on the international stage, India must align its tax policies with global standards, thereby attracting investments and propelling innovation.
In the dynamic whirlwind of cryptocurrencies, India stands at a decisive crossroads. The urgent need to lower taxes on cryptocurrencies is not just a request; it is a strategic necessity to unlock the countryโs digital potential.
Why reduce taxes on cryptocurrencies?
๐ Global Competitiveness: To shine on the international stage, India must align its tax policies with global standards, thereby attracting investments and propelling innovation.
๐
ฐ๐๐๐
ด๐
ฝ๐๐
ธ๐
พ๐
ฝ ๐
ฒ๐๐๐
ฟ๐๐
พ ๐
ด๐
ฝ๐๐
ท๐๐๐
ธ๐
ฐ๐๐๐!๐
๐ฃ Did you know? You can now earn tax-free income up to 7 Lakhs in India! ๐ฐ
But wait, there's more: Calling all crypto investors! The Indian government is proposing a flat 30% tax on all crypto earnings. ๐
Join the movement to #reducecryptotax and encourage the government to rethink crypto taxation policies. Let's pave the way for a brighter future for crypto and blockchain technology in India! ๐
#CryptoTaxReform #FutureIsCrypto #Write2Earn #BlockchainIndia ๐ฎ๐ณ
๐ฃ Did you know? You can now earn tax-free income up to 7 Lakhs in India! ๐ฐ
But wait, there's more: Calling all crypto investors! The Indian government is proposing a flat 30% tax on all crypto earnings. ๐
Join the movement to #reducecryptotax and encourage the government to rethink crypto taxation policies. Let's pave the way for a brighter future for crypto and blockchain technology in India! ๐
#CryptoTaxReform #FutureIsCrypto #Write2Earn #BlockchainIndia ๐ฎ๐ณ
Budget 2024: Crypto industry bats for tax reductions, regulatory tightening of offshore exchanges
Letters sent out to the finance ministry last month by Bharat Web3 Association and CoinDCX highlighted concerns over the 30 percent VDA tax burdening small Web3 and crypto businesses and the need for a level playing field by bringing offshore exchanges under TDS regulations.This comes at a time when the Indian crypto sector has already started seeing some regulatory green shoots, with the finance ministry sending show-cause notices to offshore exchanges, which are not registered with the Financial Intelligence Unit-India (FIU-IND), and blocking their URLs.BWAโs current members include infrastructure providers such as Polygon and Biconomy; crypto exchanges such as CoinDCX and CoinSwitch; virtual gaming platform Hike; and other Web3 players such as Liminal and Tax Nodes.According to a note accessed by Moneycontrol, BWAโs asks include โreduction in the rate of TDS on transfer of VDAs (virtual digital assets) to 0.01% from 1%; specifically including foreign exchanges in the scope of TDS, and reexamining the flat rate of 30% applicable to income from the transfer of VDAs.โThe note also said the existing taxation framework has โnot achieved the intended purpose of enabling VDA transactions to be monitored.โโโโโโ๐ฎ๐ณJUST IN: Indian Finance Minister has announced that there will be no changes indirect or indirect taxes.Follow#Crypto scenario in India:๏ปฟ๏ปฟ๏ปฟFlat 30% TAX๏ปฟ๏ปฟ๏ปฟ1% TDS๏ปฟ๏ปฟ๏ปฟNo set off for losses#CryptoTaxReform #indiaceyptotax #CryptoTaxIndia #indiaceyptotax #TrendingTopic
New video out in my Yt cryptography tamil trading
#CryptoGuidance #CryptoTaxReform #CryptoTargets #CryptoTax๐ฎ๐ณ๐ฐ๐๐ #AmanSaiCommUNITY #Cryptosignals
#CryptoGuidance #CryptoTaxReform #CryptoTargets #CryptoTax๐ฎ๐ณ๐ฐ๐๐ #AmanSaiCommUNITY #Cryptosignals
๐ Exciting News for Crypto Enthusiasts! ๐
๐ Attention all crypto investors! With just 24 hours left for the ๐ฎ๐ณ Budget, it's time to voice our collective opinions and shape the future of crypto taxation in India!
๐ข We urge the finance ministry to consider our community's proposals for fair and transparent crypto taxation:
1๏ธโฃ Taxation in slabs to ensure fairness and accessibility for all investors.
2๏ธโฃ Removal of TDS or a minimal 0.01% TDS rate for smoother transactions.
3๏ธโฃ Allowance for loss setoff to mitigate risks and promote long-term investment strategies.
Together, let's pave the way for a thriving crypto ecosystem in India! ๐ผ๐ฐ #CryptoTaxReform #IndiaBudget #CryptoCommunity ๐๐
๐ Attention all crypto investors! With just 24 hours left for the ๐ฎ๐ณ Budget, it's time to voice our collective opinions and shape the future of crypto taxation in India!
๐ข We urge the finance ministry to consider our community's proposals for fair and transparent crypto taxation:
1๏ธโฃ Taxation in slabs to ensure fairness and accessibility for all investors.
2๏ธโฃ Removal of TDS or a minimal 0.01% TDS rate for smoother transactions.
3๏ธโฃ Allowance for loss setoff to mitigate risks and promote long-term investment strategies.
Together, let's pave the way for a thriving crypto ecosystem in India! ๐ผ๐ฐ #CryptoTaxReform #IndiaBudget #CryptoCommunity ๐๐
yes i agree
#CryptoTaxReform
#CryptoTaxReform
LIVE
Mbeyaconscious
--
Unleashing India's Crypto Potential: A Call for Reduced Taxes ๐ฎ๐ณ
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
๐ Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
๐ผ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
๐ธ Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
๐ Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
๐ข Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
๐ Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
๐ค Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
๐ Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! ๐ฎ๐ณ #CryptoTaxReform #IndiaCryptoRevolution
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
๐ Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
๐ผ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
๐ธ Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
๐ Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
๐ข Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
๐ Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
๐ค Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
๐ Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! ๐ฎ๐ณ #CryptoTaxReform #IndiaCryptoRevolution
LIVEMbeyaconscious
--
Unleashing India's Crypto Potential: A Call for Reduced Taxes ๐ฎ๐ณ
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
๐ Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
๐ผ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
๐ธ Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
๐ Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
๐ข Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
๐ Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
๐ค Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
๐ Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! ๐ฎ๐ณ #CryptoTaxReform #IndiaCryptoRevolution
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
๐ Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
๐ผ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
๐ธ Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
๐ Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
๐ข Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
๐ Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
๐ค Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
๐ Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! ๐ฎ๐ณ #CryptoTaxReform #IndiaCryptoRevolution
India Crypto Tax #IndiaCryptoRevolution #CryptoTaxReform
LIVEMbeyaconscious
--
Unleashing India's Crypto Potential: A Call for Reduced Taxes ๐ฎ๐ณ
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
๐ Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
๐ผ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
๐ธ Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
๐ Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
๐ข Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
๐ Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
๐ค Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
๐ Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! ๐ฎ๐ณ #CryptoTaxReform #IndiaCryptoRevolution
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
๐ Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
๐ผ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
๐ธ Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
๐ Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
๐ข Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
๐ Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
๐ค Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
๐ Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! ๐ฎ๐ณ #CryptoTaxReform #IndiaCryptoRevolution
Should I move to Dubai or any other foreign country from India or pay 30% tax and 1% TDS.
We never even seen any profits until now except 60-70% loss in our portfolios and still we stick to crypto. We are waiting with losses and still keep on investing so we can see profits at someday we can see profits.
No government supported or helped when we stuck at losses. Why we need pay 30% tax to government. Instead of paying 30% hope government should ban it completely. So, Atleast we can leave India and settle somewhere else.
Why canโt we fight for us and for future generations to remove tax on cryptocurrency.
Support until we become tax free on crypto๐#CryptoTaxReform #tax #IndiaCrypto #BTC #link $BTC $ETH $SHIB
We never even seen any profits until now except 60-70% loss in our portfolios and still we stick to crypto. We are waiting with losses and still keep on investing so we can see profits at someday we can see profits.
No government supported or helped when we stuck at losses. Why we need pay 30% tax to government. Instead of paying 30% hope government should ban it completely. So, Atleast we can leave India and settle somewhere else.
Why canโt we fight for us and for future generations to remove tax on cryptocurrency.
Support until we become tax free on crypto๐#CryptoTaxReform #tax #IndiaCrypto #BTC #link $BTC $ETH $SHIB
Unleashing India's Crypto Potential: A Call for Reduced Taxes ๐ฎ๐ณ
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
๐ Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
๐ผ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
๐ธ Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
๐ Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
๐ข Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
๐ Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
๐ค Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
๐ Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! ๐ฎ๐ณ #CryptoTaxReform #IndiaCryptoRevolution
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
๐ Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
๐ผ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
๐ธ Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
๐ Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
๐ข Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
๐ Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
๐ค Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
๐ Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! ๐ฎ๐ณ #CryptoTaxReform #IndiaCryptoRevolution