Does anyone have hope that indian govt will take back

the 30% taxation on crypto? Don't have it in your mind 😂. Just sell and come out of it soon. Crash is huge

Taxation on crypto is not finalized yet.

Lol 🤣

It's not funny anymore, they are tough on crypto regulations.

Yeah but they already planned about it

They have been planing since 2018.

Ab kya baki h finalise m?

Hua ki kya hai abhi tak crypto ke bare me india me?

Taxation chalu hoga ye confirm ho gya h

Bro , They are planning for taxation for this year too. It means they are taxing for before 1st april 2022 also . A statement made by one of finance department officials. Huge monitoring by Central Government through banks

Ghanta,, mis interpretation hai, or rumours uda rhe h

😂kaisi bate kr rha yaar Bill introduce ho gya h

Crypto bill is not goin to lay in this session, so chill, no taxation till next session.

Jha tak tax-wax toh 2023 ke april se kuch hoga na guys ..?

Hn likha to hai april 2023 se lgega

Visit lok sabha website, you'll find Latest bulletin for ongoing session. Trust official sources only.

That doesn't matter. Read again. If you're earning, you must pay tax. Absence of law is not excuse not to pay it. If there's no law currently, ppl must pay based on similar tax for other stuff such as Share market. That's the law

Those who already got profit were paying tax anyway even before budget announcement

Correct, you have to pay income tax on your income.

Yeah. Many people believe that if there's no law about a specific type of investment, you don't have to pay tax. That's not true. If you've profit, must pay tax based on available similar tax structure. Share market tax was the closest

You can't assume something like that on your own, it is to be decided by the govt.

It is already decided dude. That's how it is. There's no need for government to say it. If there's profit, tax is necessary even if there's no specific law. You can tell IT department I didn't pay tax bcz there was no law for crypto. In such a scenario, similar taxation can be used. Not everything is written down in law sometimes. In that case, we choose the closest tax structure and pay

Nothing on crypto is decided yet, change your sources, refer authentic news sources only.

I mean, if you tell IT department that u didn't pay tax bcz there was no law, they'll not accept it

Wow. Dude, this isn't just about crytpo. All profit are like this. If some profit is not specifically mentioned in law, you must pay using closest tax structure. Go& ask an income tax guy pls. Don't get into trouble

Yaha waha kyu bhaag rha h bhai, abhi crypto ki baat ho rhi h, share, money ya forex market ki nhi. Seedhi si baat ye hai, abhi tak aisa lag rha blanket ban to nahi karegi govt, or rax ka bhi hint mil gya h 30% ho sakta hai, but trading ke regulations kya honge, ko si exchanges allowed hongi, exchanges pe limitations kya hongi, konsi cryptos allowed hongi, bohot kuch h deliberate karne ke liye,, dimag jhanna jayega committee ka,, isliye abhi wait kro, kafi time lagega regularions aane me

No. No specific law is required to pay tax. If you're making profit, you pay tax. If law is unavailable, you choose the closest tax structure, which is similar to how you got your profit. Calculate it , then pay. That's the law. You can't say I didn't pay bcz there was no law. Pls understand instead of arguing here

Tujse na ho payega bhai, pata nhi kaha se gyan laya hai.. tu bol rha h SEBI ki jarurat nhi h desh me, sab apni marzi chala lo jisko jaisa man kare waise investment karo or tax bharo.

Dude, all kinds of income are covered under IT law. Even if the tax structure of your income source is not directly mentioned

ITR fill kiya hai kabhi? Usme crypto assets ka koi column nhi hai, further, long term capital gain tax laga h ya short teem capital gain ye kon decide karega?, further investment detail and redeemed detail furnish karne ka koi mechanism hai abhi crypto exchanges me, na koi exchamge SEBI regulated hai, kaise bataoge kitna capital invest kiya tha aur kitna capital gain hua hai... Beta, abhi chhota hai tu, koi agar kuch knowledge de rha h to sunn liya kar, fayda hi hoga.

They will add crypto column in income tax Exchange will add 1% auto tds reduction feature And ask for PAN details

Bhai aisa koi nhi ker payega Ager hum buy sell ka details check kerne jaye history me to wah purane details show v nhi hota tax lagayegi lagane do apna coin trusted wallet me dal do sabhi ab

All exchanges has to follow it Else govt will ban the exchange of they don't follow

All income sources are covered under IT law. Even if your income source isn't mentioned. So, even if crypto column isn't available, you must pay using closest one. Can't share links here. Message me. I'll send u a link

To buy and sell crypto you have to pay to wazirx exchange Such transaction will reflected on income tax portal

May be, they will have make a lot of arrangements.

We were talking about paying tax of crytpo profit before they introduce law. ie, tax for all profit until budget announcement

As their is no crypto column now I think you can show in along with your income- income from other sources

And pay tax according to your tax slab

Exactly. But the other guy was arguing there's no need to pay tax because there was no law. He's saying we need to pay crypto tax only after they introduce law. It's wrong info.

Yes that's wrong info

10 saal me bhi pata nhi lag sakta abhi ki exchanges me... we may see new Indian versions of exchanges, if possible, otherwise be ready for ban.

.

Because it is also income So pay it with income from other sources And pay tax according to your tax slab And after April 1 Pay 30% from crypto profit with no loss deduction And show it in crypto column which they are yet to add

What?

Your comment "Crypto bill is not goin to lay in this session, so chill, no taxation till next session." Wrong info. There's tax already. Crypto income should go under other income sources

Are you referring to me? I never said that, dont make things up. (If you were not referring to me, pls ignore this msg)

Bill should come out in few weeks with more details.

In May?

Did they declare it somewhere Because i did not hear about it in her speech

Monsoon session takes place in July to Sep

Neat apna purani jaagape atha nai bolo koi

Konsi bhasha hai ye?