@SamirMagic2
Joined December 2021
  • Tweets61
  • Following45
  • Followers3
11Media
#AmazoneSpinandWin
Samir Magic retweeted
Aditya Singh
@cryptoady31 Mar 2022
Day 56 - No set-off loss in any pair is just as bad as 1% TDS which will become applicable from July. Set off loss VDA to VDA should be allowed, TDS on spot trades should be removed or reduced to 0.01%. #reducecryptotax
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Samir Magic retweeted
Aditya Singh
@cryptoady24 Mar 2022
DAY 50 - Finance bill 2022 with proposed crypto tax rules will be discussed & probably will be passed in the Lok Sabha today. Hope GOI brings in amendments as proposed crypto tax rules if not changed will impact the growth of the crypto industry in India. #reducecryptotax
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Invest Rs. 100 into Coin1 Earn Rs. 100 profit Now you have Rs. 200 Invest this Rs. 200 in Coin2 Coin2 goes to Rs. 0 (not all ideas work) Now you have Rs. 0 Tax Time: According to upcoming tax law in India You pay Rs. 30 as tax You are now at - Rs. 30 #UnfairCryptoTax
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#CryptoTax | @nsitharaman Introduce Reasonable Crypto Tax Policies - Sign the Petition! chng.it/LHnNj4N8 via @ChangeOrg_India

Sign the Petition

Government of India: Introduce Reasonable Crypto Tax Policies

change.org
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
Nischal Shetty
@NischalShetty8 Mar 2022
India saw about $100B in trading volume last year This trading would be from millions of people combined 1% TDS = $1Billion But majority of this TDS would need to be refunded as Turnover is NOT profit Calculation below:
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Hope to see the Government working on these calculations to ensure India does not lose millions in taxes while ensuring Indians do not lose their trading capital #ReduceCryptoTax
Financial Express
@FinancialXpress9 Mar 2022
1% TDS on Cryptocurrency Trading This Calculation By @NischalShetty Shows Govt May Lose Millions in Crypto Tax Revenue #CryptoNews #CryptoTax #cryptotds financialexpress.com/digital…
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Samir Magic retweeted
Budhil Vyas
@BudhilVyas11 Mar 2022
Yahi Toh LOCHA hai yaha INDIA mein. Respected @PMOIndia i request you to Please look in Such matters Properly and decide the things properly because future of indian youngsters and the talent what we have in our country is in your hands. #reducecryptotax To Be Continued...
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Samir Magic retweeted
Aditya Singh
@cryptoady11 Mar 2022
Crypto community welcomes crypto tax but crypto tax in its current format will do more damage rather than help this innovative space grow. Other Countries are already competing to become technological leaders in this space, India should not miss out. #reducecryptotaxDay37
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Samir Magic retweeted
Aditya Singh
@cryptoady7 Mar 2022
TDS charge on every spot trade is going to be a big pain for traders & exchanges. If the objective is to track transactions on CEX, exchanges can share that data directly - not even sure why TDS is required on Spot trades & that too at 1%. #reducecryptotax #reducecryptotaxDay33
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#UnfairCryptoTax 1. Crypto profit tax should be as per income tax slab 2. 1% TDS is lose lose for Government and People as both will be caught in refunds loop 3. Gift tax? What about Airdrops? Airdrops of tokens that don’t have liquidity? Time to ask the right questions 🤝
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Samir Magic retweeted
Sumit Gupta
@smtgpt5 Mar 2022
#CryptoTaxation is important. But it should be more #PeopleFriendly. Indians are leading the #CryptoRevolution worldwide. But with such high taxation, India shouldn’t be left behind.
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Samir Magic retweeted
Aditya Singh
@cryptoady5 Mar 2022
New crypto tax policy if not changed will have a devastating impact on the entire crypto industry. 29 days remaining before it gets approved and becomes applicable. #reducecryptotax #reducecryptotaxDay31
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30% is ★☆☆☆☆ highly wouldn’t recommend. #reducecryptotax #ReduceCryptoTaxDay27
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Samir Magic retweeted
Aditya Singh
@cryptoady27 Feb 2022
Flat 30% tax (Rich or Poor), 1% TDS, No deduction, Loss cant be carried forward. If these tax policies are not changed. Buidler will still buidl but they will buidl from another country, adding to their GDP. Talent outflow will continue. #reducecryptotax #ReduceCryptoTaxDay25
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Tax is not a problem. But 30% flat tax is definitely a problem.🤚 #reducecryptotax
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Samir Magic retweeted
Aditya Singh
@cryptoady3 Mar 2022
30% flat tax (Rich or Poor), 1% TDS, No Deduction, No carry forward, GST if you trade outside Indian exchanges. Taxing is fine but it should be reasonable not a punishment. #reducecryptotax #reducecryptotaxDay29
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Hit the ♥️ button If you believe #Bitcoin is the future and government should #reducecryptotax.
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Samir Magic retweeted
Aditya Singh
@cryptoady4 Mar 2022
The world is embracing Crypto, India is taxing it like a punishment. #reducecryptotax #reducecryptotaxDay30
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Exchange should talk about users tax concern. They are busy on advertisement. This time advertisment will not work if you will not support your audience. #reducecryptotax #reducecryptotaxday31
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