India is still a developing nation and not a developed one. Supporting a disruptive tech and monetary system like #crypto can be a reason for India to progress faster. We need fair taxation for that to happen! #reducecryptotax #faircryptotax Day-809 #IndiaWantsCrypto Ministry of Finance
Appropriate taxes in crypto industry benefits everyone. It promotes investor confidence, fosters innovation, & ensures a level playing field. Else we are losing business, talent & investment to other countries! #reducecryptotax #faircryptotax Day-806 #IndiaWantsCrypto Ministry of Finance
In volatile markets, a lack of loss offset makes navigating trading strategies incredibly challenging. It's essential for regulators to recognize this and provide fair tax policies helping both traders & Govt! #reducecryptotax #faircryptotax Day-805 #IndiaWantsCrypto Ministry of Finance
By now our Govt had enough time & have collected enough data to understand #crypto trading is not gambling but stepping stone of a disruptive industry. It's time to integrate crypto taxation under normal slabs! #reducecryptotax #faircryptotax Day-807 #IndiaWantsCrypto Ministry of Finance
Present TDS and tax on #crypto is creating a lose-lose situation for Govt and citizens. High TDS reduces volume, in turn reduce income and hence less income tax. Balanced taxation would instead create win-win! #reducecryptotax #faircryptotax Day-808 #IndiaWantsCrypto Ministry of Finance
Investing into #crypto is like any other investment. Every investment has its own risk-reward ratio.Crypto does not deserve separate category in income tax calculation. It should just be for any other business! #reducecryptotax #faircryptotax Day-810 #IndiaWantsCrypto Ministry of Finance
#Crypto is eventually becoming an asset class in India. Soon enough people would start gifting crypto during festive seasons and events. Presently, there's a lack of clarity about taxes for gifting crypto! #reducecryptotax #faircryptotax Day-804 #IndiaWantsCrypto Ministry of Finance
Many counties have manipulated industries & people by using their ability to control money. This status quo is now getting challenged. #Crypto is first step from people. Fair taxation is first step from Govt! #reducecryptotax #faircryptotax Day-803 #IndiaWantsCrypto Ministry of Finance
