What is the future of crypto in India, how to avoid crypto tax and TDS, - page 2.

bhadz

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Payment Gateway Allows Recurring Payments

Quote from: kumar009854 on February 10, 2022, 01:16:01 AM

what is your opinion about all this We all know that there is an attempt to destroy the future of crypto in India

What's the reason you say that there's an attempt to destroy the future of crypto in India? I don't see any reason for that. They've imposed a 30% tax on crypto.
That's high but I don't think that it's an attempt to destroy the crypto market there. Thus, it's even helping and removing the worry of what they've been saying about the ban before which is more worrying than their new update.

Oshosondy

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Gamble responsibly

As a good citizen, you have to pay your tax, do not think of ways to avoid tax, pay tax. I read on news recently that India want to increase crypto tax to 30%, that is too high though but nothing can be done.

Quote from: kumar009854 on February 10, 2022, 01:16:01 AM

what is your opinion about all this We all know that there is an attempt to destroy the future of crypto in India

If tax is getting too much, some people will prefer noncustodial options like noncustodial wallets and decentralized exchanges, including P2P which is direct between two people in a noncustodial manner.

mk4

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Paldo.io 🤖

If you're a lawful citizen, I don't think there's anything you can do but to just manage your finances well. Put yourself in a situation whereas you won't need to sell your bitcoin/crypto for long amounts of time. Always have enough fiat available, for those instances where you suddenly need a good amount of cash for whatever reason.

OmegaStarScream

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Although I find that the 30% is a bit harsh especially when they're planning to apply it to gifting as well, I still think that's a better decision than we were expecting since they were originally going to ban it. And none of it is surprising anyway considering that there are talks about launching the digital rupee.

kumar009854

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what is your opinion about all this We all know that there is an attempt to destroy the future of crypto in India

Topic: What is the future of crypto in India, how to avoid crypto tax and TDS, - page 2. (Read 208 times)