#WIF Coin was pumping now' 😎 comment can #wif coin re | OFFICIAL _CrYpto on Binance Square

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OFFICIAL _CrYpto

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#WIF Coin  was pumping  now'  😎 
comment  can #wif coin reach 1$ in this week ? 
those comment is right  👍🏻 or get higher  likes  i will give 1$ to the winner $BTC #TrumpVsMusk 

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can $BTC reach 109000$ next week ?🤔 comment yes or no"I will give $1 to the person whose comment is correct and gets the most likes."

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"The Rise of Crypto: Powered by Binance"

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"Can #WIF Coin reach 1$ next week?" Give your opinion $BTC $ETH #wct

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🇮🇳 India's Cryptocurrency Taxation & Regulatory Landscape $BTC $ETH 🔍 Current Taxation Framework Capital Gains Tax: Profits from trading Virtual Digital Assets (VDAs), such as cryptocurrencies, are subject to a 30% tax. Tax Deducted at Source (TDS): A 1% TDS is levied on crypto transactions exceeding ₹10,000 for individuals and ₹50,000 for specified persons, as per Section 194S of the Income Tax Act. No Loss Offset: Losses incurred from one VDA cannot be offset against gains from another or any other income sources. 🧾 Enhanced Compliance Measures (Effective April 1, 2026) Mandatory Reporting: The introduction of Section 285BAA mandates specified entities, including crypto exchanges, to furnish detailed transaction information to tax authorities. Expanded Definition of VDAs: The term now encompasses any crypto asset that relies on cryptographic security and distributed ledger technology, broadening the scope of taxable digital assets. Classification as Undisclosed Income: Unreported crypto gains are now considered "undisclosed income," attracting a 60% tax and a 50% penalty on the tax amount. 📉 Industry Response Calls for Tax Reforms: The crypto industry has been advocating for a reduction in the TDS rate to 0.01% and the ability to offset losses, aiming to foster innovation and prevent capital flight to foreign exchanges. Impact on Trading Volumes: Since the implementation of the 2022 tax regime, domestic crypto trading volumes have plummeted by over 80–90%, with many traders shifting to offshore platforms. 🔄 Regulatory Developments Global Alignment: India is aligning with the Crypto-Asset Reporting Framework (CARF) developed by the OECD, facilitating the automatic exchange of tax-relevant information on crypto assets. Increased Scrutiny: The government is tightening oversight on crypto transactions, requiring banks and other reporting entities to furnish detailed transaction information, enhancing transparency and compliance.

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