LordSpymaster Posted February 1 Report Share Posted February 1 1 hour ago, SuperT said: Honestly if anything this is actually good news. All rumors of banning them/restricting them etc. put to rest. 1 hour ago, KunjanPSD said: Yup. Taxation was the only way to legalise them. True When they get info via TDS and gains/losses, the government can slowly build up their database. Having legal recognition is a good 1st step, that tax rate is fine if the set-off was allowed. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted February 1 Report Share Posted February 1 2 minutes ago, LordSpymaster said: Correct me if I'm wrong but the losses in crypto from 1 year aren't being allowed a set off next year too in the same category. I.e. You gain: pay tax, you lose: F*ck you and your losses. Yes, govt basically said: Screw you, you crypto scum. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted February 1 Report Share Posted February 1 2 minutes ago, LordSpymaster said: True When they get info via TDS and gains/losses, the government can slowly build up their database. Having legal recognition is a good 1st step, that tax rate is fine if the set-off was allowed. Yeah, TDS of 1% basically lets them track everything. Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted February 1 Report Share Posted February 1 Should have been 20%. 30 is too much but atleast no ban, thats great. Bought the dip for more HBAR, Algo, QNT, AAVE & DOT. Hbar i will buy regularly with every paycheck. Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted February 1 Report Share Posted February 1 Oh just checked 10% up on both recent purchase of Dot and AAVE. Quote Link to comment Share on other sites More sharing options...
Felix the cat Posted February 1 Report Share Posted February 1 7 hours ago, SuperT said: Honestly Indian platforms are a pain to use for crypto. They have UPI one day the next day UPI disappears. Vauld was pretty good but now UPI gone from there too. Same story with WazirX. What is everyone using here and what hack are you guys using ? I didnt use any indian crypto trading app. But i have them on the phone i use binance,gate.io,and kucoin. But i generally use them to just convert my real world money into blockchain world's digital money I invested mostly through decentralised exchange. Quote Link to comment Share on other sites More sharing options...
Shantz Posted February 1 Report Share Posted February 1 Taxation doesn't mean legalization, folks. Wait for the crypto bill for that. Crypto is still a grey area and no regulated entity (ergo, banks) will do crypto till the crypto bill is passed. Quote Link to comment Share on other sites More sharing options...
Mr. Comingle Posted February 1 Report Share Posted February 1 6 minutes ago, Shantz said: Taxation doesn't mean legalization, folks. Wait for the crypto bill for that. Crypto is still a grey area and no regulated entity (ergo, banks) will do crypto till the crypto bill is passed. Even proceeds from a crime (eg. forgery, hitman contract, etc.) are taxable iirc. 1 Quote Link to comment Share on other sites More sharing options...
Shantz Posted February 1 Report Share Posted February 1 12 minutes ago, Mr. Comingle said: Even proceeds from a crime (eg. forgery, hitman contract, etc.) are taxable iirc. Yep! We used to laugh at those clauses. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted February 2 Report Share Posted February 2 10 hours ago, Shantz said: Taxation doesn't mean legalization, folks. Wait for the crypto bill for that. Crypto is still a grey area and no regulated entity (ergo, banks) will do crypto till the crypto bill is passed. Bloomberg got it wrong then ? Most big news sites have similar stories. Quote Link to comment Share on other sites More sharing options...
LordSpymaster Posted February 2 Report Share Posted February 2 2 hours ago, Bird Bird Bird said: Bloomberg got it wrong then ? Most big news sites have similar stories. Clarified by the ministry yesterday evening https://m.timesofindia.com/business/india-business/cryptic-signs-tax-on-e-assets-opens-gateway-to-brave-new-virtual-world/articleshow/89284751.cms They don't consider any crypto to be legal yet 1 Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted February 2 Report Share Posted February 2 6 hours ago, LordSpymaster said: Clarified by the ministry yesterday evening https://m.timesofindia.com/business/india-business/cryptic-signs-tax-on-e-assets-opens-gateway-to-brave-new-virtual-world/articleshow/89284751.cms They don't consider any crypto to be legal yet https://economictimes.indiatimes.com/markets/cryptocurrency/india-says-crypto-not-illegal-as-its-taxed-just-like-horse-racing-bets/articleshow/89295796.cms They don't consider it illegal too. 1 Quote Link to comment Share on other sites More sharing options...
Shantz Posted February 2 Report Share Posted February 2 Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted February 3 Report Share Posted February 3 Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted February 3 Report Share Posted February 3 https://www.moneycontrol.com/news/business/cryptocurrency/bitcoin-ethereum-or-nft-will-never-become-legal-tender-crypto-has-not-govt-authorisation-says-finance-secretary-8027681.html Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted February 3 Report Share Posted February 3 Quant 40% up Quote Link to comment Share on other sites More sharing options...
Big Boss Posted February 3 Report Share Posted February 3 8 Quote Link to comment Share on other sites More sharing options...
Felix the cat Posted February 3 Report Share Posted February 3 6 minutes ago, Big Boss said: Wtf Nirmala Quote Link to comment Share on other sites More sharing options...
Animus Posted February 3 Report Share Posted February 3 4 hours ago, Big Boss said: looks like, she herself is confused btw, interesting take here Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted March 23 Report Share Posted March 23 https://www.theblockcrypto.com/linked/138722/grayscale-launches-fund-holding-ethereum-alternatives Quote Link to comment Share on other sites More sharing options...
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