indiantax

India Neglects Regulation, Chases More Crypto Taxes 👇

1️⃣ No Clear Rules
For years, crypto traders asked for regulation. Government gave silence. Exchanges left guessing.

2️⃣ Tax Hammer Falls
When action came, it was brutal, 30% tax on gains + 1% TDS. Traders suffocated, innovation left the window.

3️⃣ Exodus of Companies
Startups and exchanges fled to Dubai, Singapore, and beyond in order to avoid heavy taxes.

4️⃣ New Offshore Hunt
Now Delhi wants to follow OECD’s CARF (Organization for Economic Co-operation and Development – Crypto-Asset Reporting Framework). Even if Indians park crypto in foreign wallets, data will flow back to the taxman.

5️⃣ Timeline Locked
CARF implementation begins April 2027. Multilateral tax data treaty will be signed in 2026.

6️⃣ Big Brother Framework
CARF forces exchanges, brokers, and wallets to collect every detail, user identity, balances, and transactions and share across borders. No hiding.

7️⃣ Why So Aggressive?
Revenue. Over 44,000 tax notices already sent. Millions recovered. Offshore assets are next in line.

8️⃣ Global Angle 🌍
EU starts by 2026. India joins by 2027. Crypto world enters full CCTV mode.

9️⃣ Final Take
No regulation when it mattered. High taxes when it hurts. Now, even offshore Indian crypto will not escape the net. Your gain is the government’s share, and your loss is yours alone🤐

#indiantax

🇮🇳 India Neglects Regulation, Chases More Crypto Taxes 💸

1️⃣ No Rules, Only Silence – Traders begged for clarity. Gov’t gave nothing. Exchanges left in the dark.

2️⃣ Tax Hammer – Out of nowhere: 30% gains tax + 1% TDS. Innovation choked. 🚫

3️⃣ Exodus – Startups & exchanges fled to Dubai, Singapore, elsewhere. ✈️

4️⃣ Offshore Hunt – Now India wants OECD’s CARF. Even if you stash crypto abroad, taxman will know. 👀

5️⃣ Timeline – CARF treaty 2026, live April 2027.

6️⃣ Big Brother Mode – Exchanges & wallets forced to collect ALL user data + share worldwide. Full CCTV on crypto 🌍📡

7️⃣ Why Aggressive? – Revenue. 44,000+ tax notices, millions collected. Offshore assets = next target.

8️⃣ Global Angle – EU in 2026. India in 2027. No more hiding anywhere.

9️⃣ Final Take – No regulation when needed. Brutal taxes when it hurts. Offshore or local, your gains = government’s share. Losses? Yours alone. 🤐

#IndianTax

The Finance Minister of India has declared that there will be no adjustments made to either direct or indirect taxes. Additionally, the following points were also emphasized:

1. A uniform tax rate of 30%.
2. Implementation of a 1% TDS (Tax Deducted at Source).
3. Elimination of the provision for offsetting losses.#crypto #indiantax #taxation #tax #BTC

How many people want to file a petition against crypto tax in India.

$BTC $SOL $ETH

Amazing Facts about India’s Tax System:
.
Raw Popcorn: 0% Tax
Salted Popcorn: 5% Tax
Sweet Mixed Popcorn: 15% Tax
$BTC & Crypto Holders & Traders: 30% + 1% Tax
Etc Etc
.
What’s your opinion on it?

#IndianTax #India #CryptoTax #TaxSystem #BTCNextMove