Suggestions to Indian Govt on Crypto Tax!

-
Suggestions to Indian Govt on Crypto Tax!

Indian Govt's 30% Tax on Crypto Trade profit is too high! This must be reduced to 5-20% at the max! 

In fact currently Crypto is catogorised as asset not as trade item! In that sense, asset income tax on Crypto should be even below 5%!

Crypto Tax must be on the Total Profit of an Investor's Crypto Trade; not on individual Crypto profit as there can be losses involved in other Cryptos of the same Investor!

There should be no Crypto Profit Tax till the minimum level of Total Crypto Profit earned per annum say Rs.24,000; like in Income Tax collection that's free till Rs.2.5 lakhs of annual income!

Only those Crypto Investors who could earn above Rs.24,000 of Total Crypto Profit on the Crypto Trade per annum; should be taxed not otherwise!

Crypto is the present & future hope of a truly democratic financial transactions among people and so, govts in democratic countries must encourage progressive Crypto evolutions in their countries & worldwide!

Comments

Post a Comment

Popular posts from this blog

Indians! Wake Up or Get Lost!

-
Indians! Wake Up or Get Lost! Misery, Death, Destruction & Disunity are the Affects of a Country ruled by Fools, Corrupts & Devils!  If you Blind Follow; you will fall in the Dirty Ditch!  That's what India is now!  If you don't wake up now, you will die in your nightmare!  Indians! Wake Up & Change for the Better Now! Or Get Lost! -Goodman [17 February 2025]
Read more

VOICE OF COMMON PEOPLE!

-
VOICE OF COMMON PEOPLE! Dear Friends, RISE OF COMMON PEOPLE! The recent result of Delhi Election 2015 [Aam Admi Party (AAP) won 67 out of 70 contested seats] clearly shows that the time for insincere, corrupted & criminal leaders/parties are over and people want sincere, clean, honest and non-corrupt leaders/parties who stand against corruption and can deliver the basic needs of the people at the first place at the grass root levels not just on the microphones at the big functions/radios/TVs. People want total change to the existing corrupt political system that benefits a few while depriving the majority. People want true democracy where the rule is by the people, of the people & for the people. This result of Delhi Election 2015 is a great hope for the better change and this trend should be emulated in all the states of India and in the next Parliament Election of India and also it should be replicated all over the world to create a better world. Let’s welcome th...
Read more

CENTRAL BJP GOVERNMENT IS RESPONSIBLE FOR THE CURRENT LANDSLIDES IN HIMACHAL PRADESH!

-
CENTRAL BJP GOVERNMENT IS RESPONSIBLE FOR THE CURRENT LANDSLIDES IN HIMACHAL PRADESH! Main causes for the frequent Landslides on National Highways in Himachal Pradesh now are due to Central BJP Government's (PM Modi's) greedy & foolish projects of National Highways expanding into 4-Lanes instead of retaining & improving the original 2-Lanes! Himalayan soils in the hills & mountains are mostly soft & so without proper coverage by trees & support at the base foothills, landslides are bound to happen, especially during rainy season! This vulnerability was drastically worsened while expanding the National Highways as hills & mountains are cut away at the base foothills on the sides of the National Highways and so the landslides occured more frequently now then before the 4-Lane expansion project! So, Central BJP Government must take responsibility for these Landslides and grant enough funds to the state to adress these prevailing issues in Himachal Pradesh o...
Read more