📢 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

𝗧𝗮𝘅𝗲𝘀 𝗠𝗶𝗱𝗱𝗹𝗲 𝗖𝗹𝗮𝘀𝘀 𝗜𝗻 𝗜𝗻𝗱𝗶𝗮 𝗡𝗲𝗲𝗱𝘀 𝗧𝗼 𝗣𝗮𝘆 (𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗦𝘁𝗼𝗰𝗸𝘀) ☹️☹️

➜ Security transaction tax 0.1% buy & sell

➜ Brokerage

➜ Capital gains: 30% (crypto)

➜ Income tax as per new slab

➜ Dividend distribution tax: 15%

➜ Long term capital gains tax: 12.5%

➜ Short term capital gains tax: 20%

➜ Buyback taxes

Middle class continues to suffer 😢

#BudgetSession #Budget #BudgetDay #NirmalaSitharaman #Crypto

🚨🚨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