Hi
From next financial year. March is safe, from April it's 30 perc
Don't bother with it. Do P2P , contact relative offshore or just form a company offshore If needed. 30 perc is ridiculous. There are legal ways to make this happen with less than 10 perc tax
Some are saying from this financial year
My ca told me to sell and i could buy again in April if i want to. So i could atleast offset crypto losses with profits that are more visible in bank.
Crypto mai be ca???
Who has billions is able to do this anyway. For 10-100k you cannot change country, etc because will be expensive
Offshore company costs little. Don't need to change country
Where there is money there is ca 😁 I am lucky to have a good one
It costs less than 3k usd to setup btw. Plus one visit. Anyone trading 100k, its worth it. Much better than paying 30k in taxes
Lol but taxed are not deployed till yet they will be in april
Yeap. That's what I said.
Huh don't forget gst too total tax can be 58% next year if 28 gst is applied
Gst is on comission fees only. Its 28 per on market maker fees for eg. It's not significant
It's just like how we spend on stock trading.
Selling in this berish market is viable option?
I personally will just trade with builder against small property. I am not selling. But yeah sell in March and buy it back in April. That should be the strategy
If i buy crypto nao, and wish to sell later this year. Will that account for tax? Or just buy & sell after april is taxable?
Lol
I think Only when u withdraw money into ur account or buy token direct from account
No i mean, withdraw later this year & buy before april
Lol u r our tax legal advisor here. Just tell people trade in india and sell in dubai 😂
So buying after april is haram right? xD
Remember you send me a crypto video? Honestly considering setting up crypto for cash business lol
I think india will tax with or without doing withdraw
No. It will be easier and clean to manage it. That's why my ca told me to buy in April.
Dubai has a lot of advantages.
I ignor my own tax advisor. He's such a pusssy lol Don't follow me guys. But do discuss ideas with your ca
Can't tax what can't be seen. Time to defi ✌️
It is. Also book losses just for paper and rebuy lol
Lol, or move to Portugal
Alone or with family?
Losses can't be carried to next year but can in current. That's what I am assuming
First alone, you need first papers to live their when you live outside the EU
Haha what a silly question sir 😂
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