reducecryptotax
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šš Attention, Indian Crypto Community! šš
š„ #Bitcoin just soared to an all-time high of $73K! š„
But wait, there's more to celebrate! Let's raise our voices together and shout out for #reducecryptotax! š£
ā Let's push for reducing the 1% TDS to a mere 0.01% or eliminate it altogether!
ā Traders deserve the right to balance their losses against gains.
ā Taxation should follow reasonable slabs to promote fairness.
ā Loss carry-forward should be allowed, just like in the stock market.
It's time to make our voices heard and advocate for a crypto-friendly tax environment in India! š®š³š° Let's pave the way for a brighter future for all crypto enthusiasts! #reducecryptotax #IndianCryptoCommunity šš
š„ #Bitcoin just soared to an all-time high of $73K! š„
But wait, there's more to celebrate! Let's raise our voices together and shout out for #reducecryptotax! š£
ā Let's push for reducing the 1% TDS to a mere 0.01% or eliminate it altogether!
ā Traders deserve the right to balance their losses against gains.
ā Taxation should follow reasonable slabs to promote fairness.
ā Loss carry-forward should be allowed, just like in the stock market.
It's time to make our voices heard and advocate for a crypto-friendly tax environment in India! š®š³š° Let's pave the way for a brighter future for all crypto enthusiasts! #reducecryptotax #IndianCryptoCommunity šš
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š£ Did you know? You can now earn tax-free income up to 7 Lakhs in India! š°
But wait, there's more: Calling all crypto investors! The Indian government is proposing a flat 30% tax on all crypto earnings. š
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! š
#CryptoTaxReform #FutureIsCrypto #Write2Earn #BlockchainIndia š®š³
š£ Did you know? You can now earn tax-free income up to 7 Lakhs in India! š°
But wait, there's more: Calling all crypto investors! The Indian government is proposing a flat 30% tax on all crypto earnings. š
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! š
#CryptoTaxReform #FutureIsCrypto #Write2Earn #BlockchainIndia š®š³
š Believe in the vision, achieve greatness together! š
In the world of crypto, trust is everything. That's why we trust @cz_binance š
His leadership and vision have guided us to incredible heights. Let's continue to love and support him as we journey towards a brighter future.
#Binance #CryptoFamily #Write2Earn #reducecryptotax ā¤ļø
In the world of crypto, trust is everything. That's why we trust @cz_binance š
His leadership and vision have guided us to incredible heights. Let's continue to love and support him as we journey towards a brighter future.
#Binance #CryptoFamily #Write2Earn #reducecryptotax ā¤ļø
#reducecryptotax please join the march and support
Mbeyaconscious
--
Unleashing India's Crypto Potential: A Call for Reduced Taxes š®š³
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?
š Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
š¼ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
šø Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
š Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
š¢ Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
š Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
š¤ 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
š 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! š®š³ #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?
š Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
š¼ Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
šø Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
š Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
š¢ Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
š Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
š¤ 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
š 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! š®š³ #CryptoTaxReform #IndiaCryptoRevolution
š®š³Indian government should reduce
#Crypto Tax & TDS
š 30% Tax and 1% TDS is not viable
š Loss should be carry forward
š Crypto is not Gambling
š We need better policies for #Web3 Users
š #BitcoināÆāÆāÆ is not some 'tulip mania'
#reducecryptotax #Write2Earn
#Crypto Tax & TDS
š 30% Tax and 1% TDS is not viable
š Loss should be carry forward
š Crypto is not Gambling
š We need better policies for #Web3 Users
š #BitcoināÆāÆāÆ is not some 'tulip mania'
#reducecryptotax #Write2Earn
Indian govt officials are yet to understand the power and potential of cryptocurrencies. Many countries have already understood and adapted bitcoin, but in India, the govt is still going in the wrong direction, as always. They always take time to adapt to a new technology, unlike other countries. They do so because then the quaint and quasistatic schemes like PPF, FD, KVP will come to an end as everyone wants to earn more and more.
The govt based 'investments' are not actually investments, but the financial institutions play with our money and earn more while giving us only a fraction, in the name of 'security'. I believe that money which only 'you' have full control on, is fully secured,but not even with banks. Decentralization provides us with that security.
In my view, the government needs new officials, especially in the IT department and financial institutions, who are not only well educated, but are open-minded to all new paths, not like this RBI governor, who is narrow minded and unaware of the crypto revolution going all over the world, and they must reduce crypto tax to be in slabs, to be at par with the developed nations.
#Write2Earn #Indiantax #reducecryptotax
The govt based 'investments' are not actually investments, but the financial institutions play with our money and earn more while giving us only a fraction, in the name of 'security'. I believe that money which only 'you' have full control on, is fully secured,but not even with banks. Decentralization provides us with that security.
In my view, the government needs new officials, especially in the IT department and financial institutions, who are not only well educated, but are open-minded to all new paths, not like this RBI governor, who is narrow minded and unaware of the crypto revolution going all over the world, and they must reduce crypto tax to be in slabs, to be at par with the developed nations.
#Write2Earn #Indiantax #reducecryptotax
Anticipation: Cristiano Ronaldo and Binance Explore What It Takes to Stay One Step Ahead
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š®š³ Embracing the rollercoaster journey of India's crypto community! š From bans to breakthroughs, we've weathered it all. šŖ
2018: RBI threw a curveball - ban on crypto exchanges. š±
2020: Supreme Court, our knight in shining armor, lifted the ban. š
2022: Tax hurdles - 30% tax + 1% TDS on trading. š°
2024: Crypto apps & URLs blocked. š
But guess what? India, you're the 2nd largest in the crypto world! š Let's break free with #reducecryptotax and make history! š
Imagine if the government fully supports crypto! š Proactive steps mean rapid growth, skyrocketing innovation, and us becoming global crypto giants. š
Come on, Sarkar! Unleash the true potential of crypto! šš®š³ #CryptoRevolution #IndiaCrypto #InnovationUnleashed
2018: RBI threw a curveball - ban on crypto exchanges. š±
2020: Supreme Court, our knight in shining armor, lifted the ban. š
2022: Tax hurdles - 30% tax + 1% TDS on trading. š°
2024: Crypto apps & URLs blocked. š
But guess what? India, you're the 2nd largest in the crypto world! š Let's break free with #reducecryptotax and make history! š
Imagine if the government fully supports crypto! š Proactive steps mean rapid growth, skyrocketing innovation, and us becoming global crypto giants. š
Come on, Sarkar! Unleash the true potential of crypto! šš®š³ #CryptoRevolution #IndiaCrypto #InnovationUnleashed
Did You Miss #Budget2024 ā
Ā
Here's everything you need to know š
Ā
ā”ļø There is no change in Crypto taxation (Still šš% ššš± and š% ššš)
Ā
ā”ļø For entrepreneurs, PM Mudra Yojna has sanctioned loans worth šš¬ šš.š šš«šØš«š
Ā
ā”ļø The fiscal deficit for Financial Year 2024 was revised to š.š%
Ā
ā”ļø First Development India inflows have grown by 2x since 2014 and is currently at $ššš šš¢š„š„š¢šØš§
Ā
ā”ļø Female enrollment in higher education has grown by šš% since 2014.
Ā
Every crypto trader was waiting to hear something good about crypto taxation, but there was no such thing š¢
Ā
The problem is still the same, which is
Ā
ā¦ļø 30% Taxes
ā¦ļø 1% TDS
ā¦ļø No Banking support
ā¦ļø No Loss offset
Ā
Until and unless there is any update on these things, the future of #Crypto in India š®š³ is still uncertain.
#BudgetSession #reducecryptotax #Write2Earn
Ā
Here's everything you need to know š
Ā
ā”ļø There is no change in Crypto taxation (Still šš% ššš± and š% ššš)
Ā
ā”ļø For entrepreneurs, PM Mudra Yojna has sanctioned loans worth šš¬ šš.š šš«šØš«š
Ā
ā”ļø The fiscal deficit for Financial Year 2024 was revised to š.š%
Ā
ā”ļø First Development India inflows have grown by 2x since 2014 and is currently at $ššš šš¢š„š„š¢šØš§
Ā
ā”ļø Female enrollment in higher education has grown by šš% since 2014.
Ā
Every crypto trader was waiting to hear something good about crypto taxation, but there was no such thing š¢
Ā
The problem is still the same, which is
Ā
ā¦ļø 30% Taxes
ā¦ļø 1% TDS
ā¦ļø No Banking support
ā¦ļø No Loss offset
Ā
Until and unless there is any update on these things, the future of #Crypto in India š®š³ is still uncertain.
#BudgetSession #reducecryptotax #Write2Earn
šš Elevate the Crypto Movement: Unite for Tax Justice in India! #reducecryptotax š°š®š³
Dear Trailblazing Crypto Warriors,
In the dazzling realm of Crypto, India stands tall as the frontrunner in Adoption! šš However, our victory is marred by the weight of taxes that befall us like a relentless storm. š„² Today, we rally for change!
š„ The Current Battlefront:
- šø 30% Tax: A dragon demanding a hefty toll on our triumphant gains.
- š 1% TDS: A labyrinthine tax deduction, complicating our financial saga.
- š« No Loss Offset: A gaping hole in our defenses when the market turns.
Yet, against these odds, the Crypto Revolution persists! šŖļø Investors, it's time to forge a new narrative and visualize a future where:
āØ The Visionary Utopia:
- ā Proper Tax Slabs: Crafted with finesse to honor the intricacies of crypto investments.
- ā 0.001% TDS: A mere whisper of taxation, liberating our gains from undue burdens.
- ā Loss Offset: A shield against market storms, ensuring resilience in the face of volatility.
ššŖ Why This Is Our Moment:
Crypto's potential is boundless, but fair taxation is the key to unlocking its true power. This isn't merely about reducing tax bills; it's a call to sculpt a vibrant crypto ecosystem benefiting all pioneers. šš°
š Your Call to Action:
Like ā¤ļø and share this post to amplify our collective voice. Let's engrave the demand for fair crypto taxation into the very fabric of our digital revolution! š¢ā
š Together, We Shape the Destiny of Crypto in India!
#reducecryptotax #CryptoUprising #TaxJustice #IndiaCryptoLeadership šš
Dear Trailblazing Crypto Warriors,
In the dazzling realm of Crypto, India stands tall as the frontrunner in Adoption! šš However, our victory is marred by the weight of taxes that befall us like a relentless storm. š„² Today, we rally for change!
š„ The Current Battlefront:
- šø 30% Tax: A dragon demanding a hefty toll on our triumphant gains.
- š 1% TDS: A labyrinthine tax deduction, complicating our financial saga.
- š« No Loss Offset: A gaping hole in our defenses when the market turns.
Yet, against these odds, the Crypto Revolution persists! šŖļø Investors, it's time to forge a new narrative and visualize a future where:
āØ The Visionary Utopia:
- ā Proper Tax Slabs: Crafted with finesse to honor the intricacies of crypto investments.
- ā 0.001% TDS: A mere whisper of taxation, liberating our gains from undue burdens.
- ā Loss Offset: A shield against market storms, ensuring resilience in the face of volatility.
ššŖ Why This Is Our Moment:
Crypto's potential is boundless, but fair taxation is the key to unlocking its true power. This isn't merely about reducing tax bills; it's a call to sculpt a vibrant crypto ecosystem benefiting all pioneers. šš°
š Your Call to Action:
Like ā¤ļø and share this post to amplify our collective voice. Let's engrave the demand for fair crypto taxation into the very fabric of our digital revolution! š¢ā
š Together, We Shape the Destiny of Crypto in India!
#reducecryptotax #CryptoUprising #TaxJustice #IndiaCryptoLeadership šš
š Calling all crypto enthusiasts! š
š¢ Are you tired of the current crypto tax laws holding you back? It's time to take action! šŖ
š Here's what we're proposing to the Finance Ministry:
1ļøā£ Tax slabs tailored to your income bracket for fairer taxation.
2ļøā£ Say goodbye to hefty TDS fees with a reduction to 0.01% or none at all!
3ļøā£ Allow loss setoff to balance out your gains and losses effectively.
It's time to make our voices heard and advocate for crypto-friendly policies! š£ Join the movement and let's #reducecryptotax together! š¼š°
#Write2Earn #crypto #India #Binance
š¢ Are you tired of the current crypto tax laws holding you back? It's time to take action! šŖ
š Here's what we're proposing to the Finance Ministry:
1ļøā£ Tax slabs tailored to your income bracket for fairer taxation.
2ļøā£ Say goodbye to hefty TDS fees with a reduction to 0.01% or none at all!
3ļøā£ Allow loss setoff to balance out your gains and losses effectively.
It's time to make our voices heard and advocate for crypto-friendly policies! š£ Join the movement and let's #reducecryptotax together! š¼š°
#Write2Earn #crypto #India #Binance
š šš¶š“ š”š²šš šš¹š²šæš! Amit Shah Urges Modi Ji to Explore Crypto Taxation - Could it be India's Golden Opportunity? š
š Attention, everyone! Amit Shah's recent discussion with Modi Ji on crypto taxation has set the stage for a potential game-changer! Shah highlights it as a golden opportunity for the future. š¼ Could India's crypto tax be slashed below 30% under the BJP government? š¤ #reducecryptotax #BJP #GameChanger
š” Stay tuned as the government ponders over this crucial decision! Join the conversation and share your insights! Let's shape the future of crypto taxation together! š¬š
#Write2Earn #Binance
š Attention, everyone! Amit Shah's recent discussion with Modi Ji on crypto taxation has set the stage for a potential game-changer! Shah highlights it as a golden opportunity for the future. š¼ Could India's crypto tax be slashed below 30% under the BJP government? š¤ #reducecryptotax #BJP #GameChanger
š” Stay tuned as the government ponders over this crucial decision! Join the conversation and share your insights! Let's shape the future of crypto taxation together! š¬š
#Write2Earn #Binance
1. 2013: RBI issues an advisory against cryptocurrency
2. 2017: The finance ministry said that #crypto is a Ponzi.
3. 2018: RBI issues a circular banning crypto
4. 2020: The Supreme Court overturns the RBI's crypto ban.
5. 2021: The government reiterated its plan for banning and prohibiting cryptocurrencies.
6. 2022: The Finance Minister announced a 30% tax and 1% TDS on crypto assets.
7. 2023: The Finance Minister calls for global crypto regulation.
8. 2024: The Indian government banned foreign exchange URLs and removed them from the App Store.
9. 2024: #BinanceāÆāÆāÆ and #KuCoin became FIU-compliant.
If you compare this with US crypto developments, India is still where the US was in 2013.
India needs to act quickly; otherwise, they'll be left behind.
#reducecryptotax
2. 2017: The finance ministry said that #crypto is a Ponzi.
3. 2018: RBI issues a circular banning crypto
4. 2020: The Supreme Court overturns the RBI's crypto ban.
5. 2021: The government reiterated its plan for banning and prohibiting cryptocurrencies.
6. 2022: The Finance Minister announced a 30% tax and 1% TDS on crypto assets.
7. 2023: The Finance Minister calls for global crypto regulation.
8. 2024: The Indian government banned foreign exchange URLs and removed them from the App Store.
9. 2024: #BinanceāÆāÆāÆ and #KuCoin became FIU-compliant.
If you compare this with US crypto developments, India is still where the US was in 2013.
India needs to act quickly; otherwise, they'll be left behind.
#reducecryptotax
No More Taxes! Thailand Removes VAT to Become Asia Crypto Hub
šµ Thailand's Finance Ministry has removed the 7% value-added tax (VAT) on cryptocurrency trading
šµ Effective January 1, 2024 with no specified expiration
šµ Applies to authorized digital asset exchanges, brokers, and dealers regulated by the Securities and Exchange Commission of Thailand (SEC)
Goals Behind Decision:
šµ Promote Thailand as a digital asset hub in the region
šµ Support further growth of the country's cryptocurrency industry
šµ Provide a boost to the digital economy
Previous Actions:
šµ VAT exemption on transfer of digital tokens enacted May 14, 2023
šµ Thailand has become a top jurisdiction for offshore crypto investors
Future Outlook:
šµ Ministry of Finance and SEC amending securities laws to classify digital tokens as securities
šµ Expected to further expand Thailand's #cryptocurrency market activity and access
When will India wake up and smell the crypto revolution brewing?
Please #reducecryptotax
š¢Disclaimer: The information provided here is for general informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are subject to market risks, including the potential loss of principal. Past performance is not indicative of future results.
š«Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
šµ Thailand's Finance Ministry has removed the 7% value-added tax (VAT) on cryptocurrency trading
šµ Effective January 1, 2024 with no specified expiration
šµ Applies to authorized digital asset exchanges, brokers, and dealers regulated by the Securities and Exchange Commission of Thailand (SEC)
Goals Behind Decision:
šµ Promote Thailand as a digital asset hub in the region
šµ Support further growth of the country's cryptocurrency industry
šµ Provide a boost to the digital economy
Previous Actions:
šµ VAT exemption on transfer of digital tokens enacted May 14, 2023
šµ Thailand has become a top jurisdiction for offshore crypto investors
Future Outlook:
šµ Ministry of Finance and SEC amending securities laws to classify digital tokens as securities
šµ Expected to further expand Thailand's #cryptocurrency market activity and access
When will India wake up and smell the crypto revolution brewing?
Please #reducecryptotax
š¢Disclaimer: The information provided here is for general informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are subject to market risks, including the potential loss of principal. Past performance is not indicative of future results.
š«Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
From few years Asian Govt are playing Different Dramas :
India Ban on banks dealing Crypto back in 2018
Then a year ago impose a 30% Crypto Tax + 1% TDS
Now yesterday they removed crypto international
exchanges and Block URLs Being an Huge admirer of India in world of tech But Sad to see ongoing issues.
Their attention is to focus on Using Indian exchange
But I guess the quality of service is Not on that level; Liquidity is the biggest issue.
Indian Govt Should cooperate and set with regulators to Build up a fair policy acceptable for all
The future is blockChain Crypto tech
No matter what the circumstances are
#reducecryptotax
#crypto
#bitcoin
India Ban on banks dealing Crypto back in 2018
Then a year ago impose a 30% Crypto Tax + 1% TDS
Now yesterday they removed crypto international
exchanges and Block URLs Being an Huge admirer of India in world of tech But Sad to see ongoing issues.
Their attention is to focus on Using Indian exchange
But I guess the quality of service is Not on that level; Liquidity is the biggest issue.
Indian Govt Should cooperate and set with regulators to Build up a fair policy acceptable for all
The future is blockChain Crypto tech
No matter what the circumstances are
#reducecryptotax
#crypto
#bitcoin
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