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

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

Reduced supply but same or increased demand. A concept in bitcoin happening in every 4 years. Happy 4th Bitcoin halving to the everyone 😊! We have 28 more Bitcoin halving left to witness - through up to year 2140!

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

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

#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

Is #crypto perfect? No. But does this world need crypto? Yes. Lot of work still needs to be done towards perfection. Unfair taxation with limited understanding of tech & implication should not be road blocker! #reducecryptotax #faircryptotax Day-802 #IndiaWantsCrypto Ministry of Finance

#Crypto is not about rich getting richer scheme. It is an even playing field for all to take part in. All of us are potential stake holders. But high tax that should only affect rich is unfairly affecting all! #reducecryptotax #faircryptotax Day-801 #IndiaWantsCrypto Ministry of Finance

If anything can be decentalised, it will be someday. The same has now happened with money. Like how Internet adoption increased over decades same would be with #crypto & in way should mean paying higher taxes! #reducecryptotax #faircryptotax Day-800 #IndiaWantsCrypto Ministry of Finance

In the digital age, innovation is the key to success. By embracing #crypto , India can unlock new opportunities, drive economic growth, and empower millions. Present taxation is discouraging adoption in India! #reducecryptotax #faircryptotax Day-799 #IndiaWantsCrypto Ministry of Finance

Every business or decision involves some amount of risk. The risk is taken by individual & not by Govt. The taxes should be accessed based on just income earned & not on risk taken. We need fair #crypto taxes! #reducecryptotax #faircryptotax Day-798 #IndiaWantsCrypto Ministry of Finance

#Crypto trading is more like equity/commodity trading than betting on a horse race or gambling at a casino. Crypto demands a huge skill set to be successful. Taxes should reflect this fact. We need fair taxing! #reducecryptotax #faircryptotax Day-797 #IndiaWantsCrypto Ministry of Finance

#Crypto is more than a tech-it's a catalyst for change in industries like banking, remittance & savings. This is what crypto pro community believe in. Time should figure this out. Unfairly taxing Govt cannot! #reducecryptotax #faircryptotax Day-796 #IndiaWantsCrypto Ministry of Finance

Trading #crypto is not like buying or selling a land. #crypto may change hands multiple times a day but land may change hands once a few decades. The TDS for both is 1%. This is huge burden for crypto traders! #reducecryptotax #faircryptotax Day-795 #IndiaWantsCrypto Ministry of Finance

As the world embraces digital revolution, India must not be left behind. It is necessary to propel our nation into a new era of economic growth & technological advancement. Only high taxes are holding us back! #reducecryptotax #faircryptotax Day-794 #IndiaWantsCrypto Ministry of Finance

#bitcoin has moved from being called drug money to Indian politicians having BTC as a part of their wealth portfolio. It would be ridiculous for tax men to not update tax policies supporting #crypto growth! #reducecryptotax #faircryptotax Day-793 #IndiaWantsCrypto Ministry of Finance

Crypto assets offer immense benefits for Indians, including financial inclusion, investment diversification, and economic empowerment. Possibly this could build a more inclusive and prosperous future for all! #reducecryptotax #faircryptotax Day-792 #IndiaWantsCrypto Ministry of Finance

We lost some opportunity with #Bitcoin mining due to high temperate and electricity costs. Now high taxation is making #crypto trading less lucrative leading to permanent loss of opportunity. India is losing! #reducecryptotax #faircryptotax Day-791 #IndiaWantsCrypto Ministry of Finance