Airdrops can easily make you $100,000 ๐
If you have missed:
โข Arbitrum ($ARB)
โข Blur ($BLUR)
โข Aptos ($APT)
Here are 7 airdrops that you can keep an eye on: ๐
#reducecryptotax
India deserves a fair and friendly #Crypto tax regime
Here's my #CryptoTaxWishlist ๐ฎ๐ณ
- Tax crypto gains like stocks, with flexible slabs based on holding period and income level.
- ๐ซ Scrap the 1% TDS on crypto transactions, or reduce it to a nominal 0.01%.
Indian๐ฎ๐ณ government wants to kill Crypto industry. More than 500+ #web3 active startups in India till July 2023 and 11% of worldโs #crypto, Web3 talent is in India.
However Indian government treat #cryptocurrency as a gambling โ
And The earnings from trading, selling, or
International Crypto Exchange Ban ๐ข - Not Solution
Freedom or Not ?
Whatโs the solution?
#reducecryptotax
Agar aap Indian crypto trader h So aap isko Repost & Comment karey #reducecryptotax
The Indian government, instead of playing with the emotions of Indian #crypto community, should try to actively support the new innovation because it'll only help in India's economic growth.
Crypto opportunities in India are absolutely limitless which is why the government needs
#ReduceCryptoTax Petition now has over 1 lakh 10 thousand signatures.
#ReduceCryptoTax Is also trending on X Again.
Petition outlines impact of current harsh tax laws and suggests reasonable tax changes.
Sign the petition :
English - change.org/cryptotaxpolicy
Hindi -
China banned #cryptocurrency activities in 2021 when #Bitcoin prices were around $40,000.
Later, around 2022, they lifted the ban when prices dropped to $16-18,000, allowing the citizens to buy at the cheapest prices.
Let's see the Timeline followed by Indian government;
โก๏ธ
Day 713
Why is TDS such a big issue for traders in India?
TDS involves a 1% tax deduction every time an Indian trader sells their digital asset.
This TDS is then deposited on behalf of the seller.
The seller can eventually get a refund if theyโre not liable to pay it as
We request finance ministry to change current crypto tax laws :
1. Flat 30% Tax
2. 1% TDS
3. No loss setoff
4. Cost of acquisition not defined.
Community Proposed:
1. Tax should be in slabs
2. No tds / 0.01% TDS
3. Loss setoff
#reducecryptotax