indiaceyptotax
452,324 vues
45 Publications
Tendance
Récents
The U.S. has approved Bitcoin and Ethereum spot ETFs, and Congress is close to passing a crypto regulation bill alongside a bill to ban CBDCs. Meanwhile, in India, crypto remains classified as gambling and is taxed at a flat rate of 30%, even though platforms like Dream11 are promoted. #indiaceyptotax #reducecryptotax
India’s Crypto Journey:
2018: RBI bans crypto dealings; Supreme Court overturns in 2020.
2021: Govt proposes crypto ban; bill not introduced yet.
2022: India imposes a 30% tax on crypto transactions.
2024: Govt panel reviewing SEBI & RBI submissions. Report expected by June, crucial for future crypto policies.
#indianCryptoBan #indiaceyptotax #India #SEBI
2018: RBI bans crypto dealings; Supreme Court overturns in 2020.
2021: Govt proposes crypto ban; bill not introduced yet.
2022: India imposes a 30% tax on crypto transactions.
2024: Govt panel reviewing SEBI & RBI submissions. Report expected by June, crucial for future crypto policies.
#indianCryptoBan #indiaceyptotax #India #SEBI
🚀🚀 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 $BNB $ETH
#Write2Earn #indiaceyptotax #IndiaBudget
#IndiaCryptoFreedom #indiaceyptotax2024
👉🏻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 $BNB $ETH
#Write2Earn #indiaceyptotax #IndiaBudget
#IndiaCryptoFreedom #indiaceyptotax2024
ليوريج مارکیٹوں میں ایک تباہی ہے ۔ مجھے لگتا ہے baglades# کہ میں نے اسے کافی بار کہا ہے : لیوریج کا استعمال نہ کریں فیوچرز نہ آزمائیں، آپ صرف اپنے پیسے کھو دیں گے ۔ میں آپ کو اس بات کا یقین دلا سکتا ہوں۔ لیکن میں اس بار بات نہیں کرنا چاہتا ۔ میں کرپٹو مارکیٹوں میں نقل و حرکت پر لیوریج کے اثرات کے بارے میں بات کرنا چاہتا ہوں۔ توجہ دیں، کیونکہ یہ سمجھنا بہت ضروری ہے ۔ سب سے پہلے ، سمجھیں کہ لیوریج کیسے کام ليوریج کے ساتھ $100 کے کرتا ہے : تصور کریں کہ آپ 10 ساتھ خریدنے کے لیے تجارت کھولتے ہیں، یہ اس طرح کام کرے گا جیسے آپ کے پاس $1,000 ہوں۔ یہ کیسے کام کرتا ہے ؟ ایکسچینج (جیسے بائننس) آپ کو آسانی سے $900 قرض دے گا ، اور اس کے بدلے میں، اگر قیمت میں 10 کی کمی ہو جاتی ہے تو آپ کا $1,000 $900 میں بدل جاتا ہے) ، آپ کی پوزیشن خود بخود بند ہو جاتی ہے تاکہ آپ کو ایکسچینج کے مقروض ہونے سے بچایا جا سکے ۔ آپ وہی ہیں جسے "لیکویڈیٹ" کہا جاتا ہے ۔ جب آپ کو ایک طویل پوزیشن پر ختم کر دیا جاتا ہے ، تو آپ کے لیکویڈیشن کے وقت یہ فوری طور پر ایک مارکیٹ سیل بنا دیتا ہے : اس کا مطلب ہے کہ آپ کے بقیہ $900 کو فروخت کر دیا جاتا ہے اپنی رقم واپس کر سکے ۔ اب آئیے اس رجحان کو Binance تاکہ ے ہیں اور اسے بہت بڑے پیمانے پر لاگو کرتے ہیں: تصور کریں
کہ
Next post #cryptocurruncy #Pakistani_Bitcoin #indiaceyptotax #HotTrends"
کہ
Next post #cryptocurruncy #Pakistani_Bitcoin #indiaceyptotax #HotTrends"
#bitcoin in india news
A cryptocurrency is a form of virtual asset based on a network that is scattered across a huge number of computers. It is a decentralized form that allows cryptocurrency to exist outside the control of the central government or authoritiesThe Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 was introduced in the Lok Sabha. The bill seeks to create a favorable framework for the creation of digital currency that will be issued by the Reserve Bank Of India (RBI). . Cryptocurrency Bill: Here’s What The Ministry Of Finance Said On Crypto Bill In ParliamentThe Cryptocurrency Bill was scheduled in the year 2021, in the Winter Session of the Parliament but it didn’t happen. However, in the current Lok Sabha session, the Ministry of Finance was questioned about the Bill. Cryptocurrency Bill: All Top Countries Where Crypto Is Legal, Illegal Or RestrictedCryptocurrency is a debatable topic ever since it was introduced. Some countries believe in the decentralized power of cryptocurrency and some don’t. The legal status of crypto is different from country to country.Cryptocurrency is used anonymously to conduct transactions globally between account holders. This raises currency concerns for the governments of different countries. Some of the officials or legislators because of the lack of control and illicit ties may not support the use of cryptocurrency. The question was raised as to: What is the current status of the Cryptocurrency Bill? When will it be tabled and be open for inputs? Which ministry/department will regulate the virtual assets like cryptocurrencies, non-fungible tokens (NFTs) , decentralized applications, real estate tokens and other assets.#Write2Earn #Binance_NewToken #indiaceyptotax #TrendingTopic
🔔 India's Finance Minister Nirmala Sitharaman Unveils Budget in Parliament, No Change in Crypto Tax !
India's Finance Minister Nirmala Sitharaman presented the budget in Parliament, maintaining the existing tax structure for cryptocurrencies. Crypto investors in India will continue to face a 30% tax on profits without set-off for losses and a 1% TDS (Tax Deducted at Source) on all transactions. This decision has prompted the Indian crypto community to trend #ReduceCryptoTax on Twitter (X) India.
#JUP #TrendingTopic #fomc #indiaceyptotax #IndiaBudget
India's Finance Minister Nirmala Sitharaman presented the budget in Parliament, maintaining the existing tax structure for cryptocurrencies. Crypto investors in India will continue to face a 30% tax on profits without set-off for losses and a 1% TDS (Tax Deducted at Source) on all transactions. This decision has prompted the Indian crypto community to trend #ReduceCryptoTax on Twitter (X) India.
#JUP #TrendingTopic #fomc #indiaceyptotax #IndiaBudget
🇮🇳 JUST IN: Indian Finance Minister has announced that there will be no changes in direct or indirect taxes.
#Crypto scenario in India: 🤨
1. Flat 30% #TAX
2. 1% TDS
3. No set off for losses
#Cryptotax #indiaceyptotax #cryptotaxindia
#Crypto scenario in India: 🤨
1. Flat 30% #TAX
2. 1% TDS
3. No set off for losses
#Cryptotax #indiaceyptotax #cryptotaxindia
Will offline transactions make India's digital rupee a game-changer?
India's central bank, the Reserve Bank of India (RBI), is exploring ways to make its digital currency, the digital rupee, more accessible by adding offline functionalities.Currently, the digital rupee can be used for person-to-person (P2P) and person-to-merchant (P2M) transactions through digital wallets offered by participating pilot banks. This pilot program aims to assess the potential of the digital rupee to improve financial monitoring and reduce reliance on cash.The RBI Governor, Shaktikanta Das, announced the exploration of offline functionalities without specifying details or confirming their implementation. This move suggests the RBI is considering expanding the reach of the digital rupee beyond internet-connected areas.It's important to note that the digital rupee is still in its pilot phase, and its future development and functionalities are subject to further evaluation and regulatory approvals. #Write2Earn #TrendingTopic #DYM #TrandNTell #indiaceyptotax
Indian cryptocurrency exchanges such as CoinDCX and WazirXIndia now require users to provide originator information when making deposits from personal wallets or other exchanges.
This new requirement has added complexity to trading cryptocurrency on these platforms, causing frustration among users. It's becoming quite a challenge.
I hope Indian Finance Minister N.Sitharaman do something in this matter.
#indiaceyptotax #CryptoNews🚀🔥
This new requirement has added complexity to trading cryptocurrency on these platforms, causing frustration among users. It's becoming quite a challenge.
I hope Indian Finance Minister N.Sitharaman do something in this matter.
#indiaceyptotax #CryptoNews🚀🔥
BIG NEWS FROM INDIA 🔥🔥
- The Reserve Bank of India (RBI) has announced plans to introduce offline functionality for its Central Bank Digital Currency (CBDC) pilot project.
- The move is aimed at expanding the accessibility and usability of the digital rupee, allowing users to conduct transactions in areas with limited or no internet coverage.
- The introduction of offline functionality is seen as a step towards promoting financial inclusion by catering to a wider range of users across different regions of the country.
#indiaceyptotax #cbdc #RBI
- The Reserve Bank of India (RBI) has announced plans to introduce offline functionality for its Central Bank Digital Currency (CBDC) pilot project.
- The move is aimed at expanding the accessibility and usability of the digital rupee, allowing users to conduct transactions in areas with limited or no internet coverage.
- The introduction of offline functionality is seen as a step towards promoting financial inclusion by catering to a wider range of users across different regions of the country.
#indiaceyptotax #cbdc #RBI
The media has not shown this because these people are not going to Ram Mandir
This was clicked at 2AM last night at Kanpur railway station. These are unemployed youth looking for jobs.
50 lakh people are going to sit in an exam to fill a 60,000 vacancy. This is the truth of India. Scary. #indiaceyptotax
This was clicked at 2AM last night at Kanpur railway station. These are unemployed youth looking for jobs.
50 lakh people are going to sit in an exam to fill a 60,000 vacancy. This is the truth of India. Scary. #indiaceyptotax
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.BWA’s 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, BWA’s asks include “reduction 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.”The note also said the existing taxation framework has “not achieved the intended purpose of enabling VDA transactions to be monitored.”—————🇮🇳JUST IN: Indian Finance Minister has announced that there will be no changes indirect or indirect taxes.Follow#Crypto scenario in India:Flat 30% TAX1% TDSNo set off for losses#CryptoTaxReform #indiaceyptotax #CryptoTaxIndia #indiaceyptotax #TrendingTopic
The Risks of Leveraging in Crypto Markets: A Warning
Introduction:
Leveraging in crypto markets can be detrimental, as I have cautioned numerous times before. Using leverage and experimenting with futures can lead to substantial financial losses. While I can reinforce this warning, I want to delve deeper into the repercussions of leveraging in crypto markets.
Understanding Leverage:
Let's first understand how leverage works. Imagine opening a trade with $100 using 10x leverage, which essentially allows you to trade as if you have $1,000. Here's how it operates: An exchange (like Binance) easily lends you $900. In return, if there's a 10% decrease in price (turning your $1,000 into $900), your position automatically closes to prevent you from being indebted to the exchange. This automatic closure is what's known as "liquidation." When your position is liquidated, it instantly creates a market sell order, meaning your remaining $900 is sold to repay Binance. Now, let's examine this phenomenon and its implications on a larger scale.
Impact of Liquidation:
Consider a scenario where you're liquidated on a massive scale:
Conclusion:
Understanding the risks associated with leveraging in crypto markets is crucial. It's imperative to exercise caution and prudence to avoid significant financial losses. Always remember the potential consequences before engaging in leveraged trading.
follow and share
Next post: #indiaceyptotax #Pakistan #bangldesh
Introduction:
Leveraging in crypto markets can be detrimental, as I have cautioned numerous times before. Using leverage and experimenting with futures can lead to substantial financial losses. While I can reinforce this warning, I want to delve deeper into the repercussions of leveraging in crypto markets.
Understanding Leverage:
Let's first understand how leverage works. Imagine opening a trade with $100 using 10x leverage, which essentially allows you to trade as if you have $1,000. Here's how it operates: An exchange (like Binance) easily lends you $900. In return, if there's a 10% decrease in price (turning your $1,000 into $900), your position automatically closes to prevent you from being indebted to the exchange. This automatic closure is what's known as "liquidation." When your position is liquidated, it instantly creates a market sell order, meaning your remaining $900 is sold to repay Binance. Now, let's examine this phenomenon and its implications on a larger scale.
Impact of Liquidation:
Consider a scenario where you're liquidated on a massive scale:
Conclusion:
Understanding the risks associated with leveraging in crypto markets is crucial. It's imperative to exercise caution and prudence to avoid significant financial losses. Always remember the potential consequences before engaging in leveraged trading.
follow and share
Next post: #indiaceyptotax #Pakistan #bangldesh
Post 8/2024
BIG news from India on #cryptocurrency
According to an official from the Reserve Bank of India (RBI), cryptocurrencies cannot be classified as "currencies" due to their lack of intrinsic value. P Vasudevan, an executive director at the RBI, emphasized this point during a panel discussion at IIM-Kozhikode. He highlighted that it is ultimately the government's responsibility to determine the approach towards regulating cryptocurrencies. At present, bitcoins lack legal recognition in India, and investors are subject to taxation on the profits generated from trading them.
#Bitcoin #BTC #indiaceyptotax #Write2Earn
BIG news from India on #cryptocurrency
According to an official from the Reserve Bank of India (RBI), cryptocurrencies cannot be classified as "currencies" due to their lack of intrinsic value. P Vasudevan, an executive director at the RBI, emphasized this point during a panel discussion at IIM-Kozhikode. He highlighted that it is ultimately the government's responsibility to determine the approach towards regulating cryptocurrencies. At present, bitcoins lack legal recognition in India, and investors are subject to taxation on the profits generated from trading them.
#Bitcoin #BTC #indiaceyptotax #Write2Earn
Hi Guys 🚨 🚨 🚨 🚨
Alert 🚨 🚨 🚨 🚨 🚨 🚨 About #indiaceyptotax
Elon Musk to visit India for meeting with PM Modi
Elon Musk has announced on his social media platform 𝕏 formerly Twitter, that he will visit India to meet Prime Minister Narendra Modi without giving a date.
The Tesla boss is expected to announce major investment plans in the country soon.
Last month, India cut import taxes on electric vehicles (EV) for global carmakers which commit to investing $500m (£399m) and starting local production within three years.
In 2021, the Tesla boss said that India's high import duties had prevented the firm from launching its cars in the world's fastest-growing major economy.
Tesla has cut prices repeatedly in response to increased competition from rivals such as BYD but demand in key markets like China has fallen.
Tesla's shares have lost almost a third of their value since the start of this year.
India overtook the UK in 2022 to become the world's fifth-largest economy, and grew by 8.4% in the December quarter, helped by a surging manufacturing sector.
#TeslaTales #ModiOnBitcoin
Alert 🚨 🚨 🚨 🚨 🚨 🚨 About #indiaceyptotax
Elon Musk to visit India for meeting with PM Modi
Elon Musk has announced on his social media platform 𝕏 formerly Twitter, that he will visit India to meet Prime Minister Narendra Modi without giving a date.
The Tesla boss is expected to announce major investment plans in the country soon.
Last month, India cut import taxes on electric vehicles (EV) for global carmakers which commit to investing $500m (£399m) and starting local production within three years.
In 2021, the Tesla boss said that India's high import duties had prevented the firm from launching its cars in the world's fastest-growing major economy.
Tesla has cut prices repeatedly in response to increased competition from rivals such as BYD but demand in key markets like China has fallen.
Tesla's shares have lost almost a third of their value since the start of this year.
India overtook the UK in 2022 to become the world's fifth-largest economy, and grew by 8.4% in the December quarter, helped by a surging manufacturing sector.
#TeslaTales #ModiOnBitcoin
The 2024 budget for the crypto industry would heavily depend on the country or region in question, as different governments may approach this sector with varying degrees of regulation, support, or restrictions.
1. Regulatory Framework: Governments might allocate funds for developing and implementing regulations to govern the crypto industry, including areas such as taxation, anti-money laundering measures, investor protection, and overall market stability.
2. Blockchain Technology Development: Budget allocation for research and development in blockchain technology to foster innovation and growth in this sector. This could include funding for projects related to scalability, security, interoperability, and sustainability.
3. Education and Awareness: Governments might invest in educational programs to increase awareness about cryptocurrencies and blockchain technology among the general public, businesses, and financial institutions.
4. Cybersecurity: Increased funding for cybersecurity measures to protect crypto exchanges, wallets, and other infrastructure from hacking and cyber threats.
5. Financial Inclusion: Initiatives to promote financial inclusion through the use of cryptocurrencies and blockchain technology, especially in underserved or unbanked populations.
6. International Collaboration: Budget allocation for collaboration with other countries and international organizations to develop common standards and regulations for the global crypto industry.
7. Support for Blockchain Startups: Funding for incubators, accelerators, and grants to support the growth of blockchain startups and entrepreneurial initiatives in the crypto space.
8. Research and Innovation: Investment in research projects exploring the potential applications of blockchain technology beyond cryptocurrencies, such as supply chain management, healthcare, voting systems, etc.
These are some of the potential features that could be included in a budget for the crypto industry in 2024.
#indiaceyptotax #Write2Earn #BTCBefore2025
1. Regulatory Framework: Governments might allocate funds for developing and implementing regulations to govern the crypto industry, including areas such as taxation, anti-money laundering measures, investor protection, and overall market stability.
2. Blockchain Technology Development: Budget allocation for research and development in blockchain technology to foster innovation and growth in this sector. This could include funding for projects related to scalability, security, interoperability, and sustainability.
3. Education and Awareness: Governments might invest in educational programs to increase awareness about cryptocurrencies and blockchain technology among the general public, businesses, and financial institutions.
4. Cybersecurity: Increased funding for cybersecurity measures to protect crypto exchanges, wallets, and other infrastructure from hacking and cyber threats.
5. Financial Inclusion: Initiatives to promote financial inclusion through the use of cryptocurrencies and blockchain technology, especially in underserved or unbanked populations.
6. International Collaboration: Budget allocation for collaboration with other countries and international organizations to develop common standards and regulations for the global crypto industry.
7. Support for Blockchain Startups: Funding for incubators, accelerators, and grants to support the growth of blockchain startups and entrepreneurial initiatives in the crypto space.
8. Research and Innovation: Investment in research projects exploring the potential applications of blockchain technology beyond cryptocurrencies, such as supply chain management, healthcare, voting systems, etc.
These are some of the potential features that could be included in a budget for the crypto industry in 2024.
#indiaceyptotax #Write2Earn #BTCBefore2025
POV on Pi42 👇
Perpetual traders speculate on crypto prices through paper contracts rather than buying/selling actual coins.
And when it's in INR pair, no involvement of USDT or VDA.
I think this is the reason Pi42Exchange not charging any crypto TAX.
#Write2Earn #TrendingTopic #TradeNTell #BTC #indiaceyptotax
Perpetual traders speculate on crypto prices through paper contracts rather than buying/selling actual coins.
And when it's in INR pair, no involvement of USDT or VDA.
I think this is the reason Pi42Exchange not charging any crypto TAX.
#Write2Earn #TrendingTopic #TradeNTell #BTC #indiaceyptotax
LIVEAkash Majumder
--
Haussier
WazirX founder @NischalShetty and former Zebpay CEO @avinash_shekhar launched their new venture @Pi42Exchange.
It's a crypto-INR futures exchange that will help users invest in the crypto tokens without worrying about paying tax deducted at source (TDS).
Congratulations 🎉👏
#Write2Earn #TrendingTopic #TradeNTell #CryptoLegend #wazirX $BTC $ETH $BNB
It's a crypto-INR futures exchange that will help users invest in the crypto tokens without worrying about paying tax deducted at source (TDS).
Congratulations 🎉👏
#Write2Earn #TrendingTopic #TradeNTell #CryptoLegend #wazirX $BTC $ETH $BNB
30% of tax is a huge loss to traders
crypto is not a gambling at all
#crypto #YD #indiaceyptotax #BinanceSqaure #bct
crypto is not a gambling at all
#crypto #YD #indiaceyptotax #BinanceSqaure #bct
نام والٹ نے جنوری 2024 میں 27 بٹ کوئنز کو ساتوشی ناکاموٹو کے ایڈریس پر بھیجا اور نومبر 2023 میں تین سونے والٹس نے جاگنا شروع کیا تھا تاکہ تقریباً 7,000 بٹ کوئنز بٹفینیکس میں منتقل کیے جائیں۔ حتیکہ، بٹ کوئن کی قیمت نسبتاً مستقر رہی ہے، جو 70,000 ڈالر کے ارد گرد ہے۔ اگر آپ کو یہ معلومات مفید لگی ہے تو، میری حمایت کرنے کا خواہش مند ہوں، بنانس ٹپنگ فیچر کے ذریعے۔ آپ کی فراخ دلی سے دعوت ہے کہ میری مدد کریں تاکہ میں معیاری مواد فراہم کرسکوں۔ 🙏
#Pakistan #Bangladesh #indiaceyptotax #Write2Earrn #BTC🔥🔥🔥🔥
#Pakistan #Bangladesh #indiaceyptotax #Write2Earrn #BTC🔥🔥🔥🔥
BUY BOND/USDT
BUYING RANGE: 4.80$ - 5.03$
TP: 5.10$ - 5.20$ - 5.80$ - 6$ - 8$ - 10$ - 13$ - 15$
SL: HOLD
Spot only #Pakistani_Bitcoin #indiaceyptotax #bangldesh #bondusdt
BUYING RANGE: 4.80$ - 5.03$
TP: 5.10$ - 5.20$ - 5.80$ - 6$ - 8$ - 10$ - 13$ - 15$
SL: HOLD
Spot only #Pakistani_Bitcoin #indiaceyptotax #bangldesh #bondusdt
