Amityadav
@____amityadav
Crypto
ID: 1469877651535908865
12-12-2021 03:52:02
300 Tweet
53 Followers
389 Following
By implementing fair tax policies, our Govt can foster a thriving #crypto industry in India. This approach would increase Govt revenue due volumes & fees and it is a win-win for innovation and fiscal health! #reducecryptotax #faircryptotax Day-832 #IndiaWantsCrypto Ministry of Finance
Supporting disruptive technologies like #crypto is crucial for national progress. By backing innovation with fair taxation, the government ensures that India doesn't lag in the global tech race but leads it! #reducecryptotax #faircryptotax Day-833 #IndiaWantsCrypto Ministry of Finance
Indian investors have a good opportunity to propel the nation forward by supporting the #crypto industry. Investing in crypto not only diversifies portfolios but also drives tech innovation & economical growth!#reducecryptotax #faircryptotax Day-834 #IndiaWantsCrypto Ministry of Finance
Establishing a dedicated regulator like SEBI for #crypto industry is crucial for India's growth in sector to ensure fair practice and protect consumers. This coupled with fair taxation would help acceleration! #reducecryptotax #faircryptotax Day-835 #IndiaWantsCrypto Ministry of Finance
With the right support & fair taxation, #crypto can significantly boost India's economy in the long term. This can lead to innovation, job creation & global investment, securing our place in the digital future!#reducecryptotax #faircryptotax Day-836 #IndiaWantsCrypto Ministry of Finance
The 1% TDS on #crypto trade could severely impact industry's growth in long term. It adds unnecessary financial burden, reduces liquidity, & deters new investors. Balanced taxation helps with sustained growth! #reducecryptotax #faircryptotax Day-838 #IndiaWantsCrypto Ministry of Finance
Day-839: The tax department should keep #crypto tax simple, treating it like any other investment or business. Simplified taxation encourages compliance, & more people would file their taxes. Crypto is no more alien! #reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance
Day-841: As the US moves forward with approving ETFs for ETH, India risks falling behind by focusing solely on higher taxes. We need progressive policies encouraging innovation & investment to prosper in this sector! #reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance
Day-846:Merely embracing blockchain isn't enough; we must also encourage the tokens that bring this tech to life. Else it is like encouraging a vehicle but not its fuel. Unfair taxation on #crypto is counterproductive!#reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance
Day-847: India must learn to lead in disruptive technologies to gain an edge over developed countries. Unfair taxes slows us down. Embracing #crypto and blockchain innovations can position us as global leaders! #reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance
Day-848: Our Govt might not have thought of compounding effect of the 1% TDS. The ripple effect has reduced trading, liquidity, hence fees and taxes. On the other side this is equally lagging the #crypto in India! #reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance
Day-849: India is lagging way behind when it comes to exposure to #crypto industry. Less than 2% have access to crypto and we hold less than 0.5% of crypto assets in the world. Fair taxation is first step to level up! #reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance
Day-852: Imagine a future where India leads in #crypto innovation, creating jobs, attracting investments, and driving economic growth. This future is within reach, but only if we adopt fair & prospective tax policies! #reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance
Day-853: when it comes to disruptive tech like blockchain and #crypto, the cost of taking the risk is lesser than foregoing the reward. Be it for an individual or country. Unfair taxes are poised to forego the reward! #reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance
Day-854: Rewards in the #crypto industry are inherently tied to risk. The Govt should recognize this and avoid imposing higher taxes on these investments to encourage innovation and ensure a thriving crypto ecosystem! #reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance
Day-855: The 1% TDS on crypto transactions is a severe burden on traders, reducing liquidity and stifling market growth. It's an unnecessary hurdle hindering the industry's potential. We need fairer #crypto tax policy!#reducecryptotax #faircryptotax #IndiaWantsCrypto Ministry of Finance