Programmer | Shadab Ahmad retweeted
There were $10 in bitcoin transactions yesterday. You start to tax 30% today, how much tax will you collect today? Close to 0. Why?
There were 10 birds in the tree. Bang, you shoot one down. How many birds are there left in the tree?
Programmer | Shadab Ahmad retweeted
What does this 1% TDS ?
Very well explained by Ritesh Pandey BSP Leader.
He has explained with practical example.
#reducecryptotax
Programmer | Shadab Ahmad retweeted
Heartfelt thanks and my admiration for you on raising the 1% TDS issue and explaining it so plainly
Thank you @mpriteshpandey 🙏
#ReduceCryptoTax #UnfairCryptoTax
Programmer | Shadab Ahmad retweeted
Today, the parliament has considered to pass the new crypto taxation bill. The full contents is unknown. Even if it is not in industry’s favour our fight to get the taxes inline with other investments cannot stop. #reducecryptotax #faircryptotax Day-51 #IndiaWantsCrypto
@Unocoin
Programmer | Shadab Ahmad retweeted
The Finance Bill 2022 will be discussed & passed soon.
We urge the government to reconsider these new unfair tax policies & hope they make amendments to tax it like technology, not gambling.
#reducecryptotax #ReduceCryptoTaxDay49
Programmer | Shadab Ahmad retweeted
बड़ा अपडेट!
@cryptoady की पेटीशन, जो @rbi से मांग कर रही है कि क्रिप्टो इन्वेस्टर्स के हित में उचित क्रिप्टो टैक्स पॉलिसी लाएं।
अब उसपर आए सपोर्टरों की संख्या 1 लाख के पार पहुँच गई।
@CryptooIndia #reducecryptotax #cryptocurrency
change.org/p/cryptotax-%E0%A…
Programmer | Shadab Ahmad retweeted
#IncomeTax is good but only when we have #Income
Dnt kill all innovation #DEFI #WEB3 #Metaverse #Blockchain #DAO #NFt for your 30% (flat) tax 🙏
Mostly here are making carriers in above technology 🙏
We are not #Gambler
#reducecryptotax
Programmer | Shadab Ahmad retweeted
Now we know why Rakesh Jhunjhunwala said New Crypto Tax policy is death to crypto in India.
Programmer | Shadab Ahmad retweeted
Day 48 - If the new tax policy is not changed, No setoff of losses between trading pairs will literally kill crypto trading in India & No deductions will kill Crypto Mining from the 1st of April 2022.
#ReduceCryptoTaxDay48
Programmer | Shadab Ahmad retweeted
#reducecryptotax finally trending again !!
Programmer | Shadab Ahmad retweeted
Just in:
You won't be able to set off losses incurred in one virtual digital asset against the income in other virtual digital assets.
E.g: you earned profit in Bitcoin trading and loss in Ethereum.
$ETH Loss cannot be adjusted against $BTC profits.
#UnfairCryptoTax
Programmer | Shadab Ahmad retweeted
While planning a conclave, the crypto community gave us three points
- Let's have open conversations, dialogue & discussions.
- Let's have a robust regulatory & taxation system
- Let's create an opportunity to make India a world leader in crypto.
We try to bring it to you here
Programmer | Shadab Ahmad retweeted
1% TDS will kill trading but no deduction rule is equally important & must be looked at - as it will kill the Mining industry in India.
#ReduceCryptoTaxDay47
Programmer | Shadab Ahmad retweeted
Countries across the globe are adopting a pro-crypto approach so they become crypto hubs and get the advantage
India has immense potential to become a leader in the #crypto space but 30% taxation may affect our chances by discouraging adoption and innovation.
#ReduceCryptoTax
Programmer | Shadab Ahmad retweeted
30% flat tax and 1% TDS on the underlying tech of #web3 is not fair.
Crypto is not gambling
Crypto is the future 🔥
Crypto is the power
Web3 is future technology
@PMOIndia
#reducecryptotax
Programmer | Shadab Ahmad retweeted
The Govt should embrace crypto industry to take advantage of the exciting investment, innovation and employment opportunities. Proposed tax rules are not at all encouraging.#reducecryptotax #faircryptotax Day-48 #IndiaWantsCrypto
@Unocoin
Programmer | Shadab Ahmad retweeted
1% TDS is an example of killing the golden goose
Hope to see the Government revisit this and reduce or eliminate this TDS in order to help the crypto industry grow further
#UnfairCryptoTax #reducecryptotax


















