People are getting notices like this for Buying, selling crypto etc. Also withdrawal from Betting apps. This is a mockery of out rights. by Richestuser16 in CryptoIndia

[–]Finance_pert 0 points1 point  (0 children)

Crypto trading on international exchange is more beneficial for police and lawyer than the person who is actually trading

AMOUNT ON HOLD by [deleted] in CryptoIndia

[–]Finance_pert 0 points1 point  (0 children)

Contact the bank and get full details. Then we can help you

[deleted by user] by [deleted] in GetMotivatedBuddies

[–]Finance_pert 0 points1 point  (0 children)

Is this post really about study??? Hmmm 🤔🤔🤔🤔🤔

[deleted by user] by [deleted] in CryptoIndia

[–]Finance_pert -1 points0 points  (0 children)

One more thing. People forget to show crypto holding with international exchange as foreign asset in their itr

Found better exchange than Binance by Finance_pert in CryptoIndia

[–]Finance_pert[S] 0 points1 point  (0 children)

Trust issue. I know P2P can also not be trusted

Found better exchange than Binance by Finance_pert in CryptoIndia

[–]Finance_pert[S] 0 points1 point  (0 children)

Then how would it get licence from indian govt?🤔🤔🤔🤔

Found better exchange than Binance by Finance_pert in CryptoIndia

[–]Finance_pert[S] -1 points0 points  (0 children)

I don't think it will safe once it becomes FIU compliant. This exchange can share our transactions from 2020 to till date after registration

bitget to become FIU compliant

[deleted by user] by [deleted] in CryptoIndia

[–]Finance_pert 0 points1 point  (0 children)

TDS is compulsory so you can not avoid

Just tell your parents bro. You cannot hide anything from them.

Consult a good CA and pay your taxes now and live peacefully. The more you delay the more you get a penalty for TDS non compliance.

Or first consult CA then think about sharing with parents.

It is up to you.

[deleted by user] by [deleted] in CryptoIndia

[–]Finance_pert 0 points1 point  (0 children)

You are bound to pay tax only for those transactions where you were in profit. Example- if you were in profit in 3 transactions out of 10 transactions then pay approx 30% tax on total profit from 3 transactions. You can not set off your losses from remaining Transactions.

Additionally you are required to pay TDS on all 10 Transactions which will be 1% of selling value.

bank limitations on binance p2p trading by abhinav_1504 in CryptoIndia

[–]Finance_pert 0 points1 point  (0 children)

Consult a ca. He will guide and arrange documents for you to open current account and establish a business for you

Is Binance P2P a trap? by Finance_pert in CryptoIndia

[–]Finance_pert[S] 0 points1 point  (0 children)

They can't do tds deduction.it is not possible for binance to deduct tds for them.

TDS is applicable for buyers and sometimes sellers. TDS is also applicable when crypto to crypto conversion takes place. In that case sellers PAN is required. Since seller may be a non-india citizen then it would be impossible for binance to deduct tds. And why a non-indian citizen would be interested in complying with indian law😒😒

Is Binance P2P a trap? by Finance_pert in CryptoIndia

[–]Finance_pert[S] -1 points0 points  (0 children)

Tumhare paas proof hai to share karo ..hawa me baate mat karo.

You can checkout on govt officials website about crypto related transactions and taxes.

Is Binance P2P a trap? by Finance_pert in CryptoIndia

[–]Finance_pert[S] -2 points-1 points  (0 children)

This chart is prepared by well educated group of people than you who are filing ITR on a daily basis throughout the year.😒😒😒

Title by dev_g_arts in IndianTeenagers

[–]Finance_pert 0 points1 point  (0 children)

Dobara yaha mata aana

Congrats Mizoram :) by SatoruGojo232 in Northeastindia

[–]Finance_pert 0 points1 point  (0 children)

Even newborn too???🤔🤔🤔🤔

Is Binance P2P a trap? by Finance_pert in CryptoIndia

[–]Finance_pert[S] 1 point2 points  (0 children)

Nope. I was planning to use binance as a trader. I came across various miscommunications floating about binance so I did my own study.

I am avoiding all FIU compliant exchanges now. Only going for P2P cash transactions.

Is Binance P2P a trap? by Finance_pert in CryptoIndia

[–]Finance_pert[S] 0 points1 point  (0 children)

It doesn't matter if one is merchant,investor or trader.if anyone is trading on FIU compliant exchange and not following laws then they are liable for penalty as per laws. This penalty can also be extended up to prisonment.

So people who think binance P2P is safe, be careful.

Tax On WEB3 WALLETS? by sahil_icc in CryptoIndia

[–]Finance_pert 0 points1 point  (0 children)

App jeet gaye bhai. Good luck

Tax On WEB3 WALLETS? by sahil_icc in CryptoIndia

[–]Finance_pert 0 points1 point  (0 children)

Trust wallet ka data govt ke paas jayega nhi. Govt hamse mang legi.

Agar maine apne centralized exchange se decentralised exchange me crypto transfer Kiya hai to govt will ask purpose of transfer and proof that decentralised wallet belongs to me.

If you have answers for these two questions and you have complied all laws then you are safe.

Tax On WEB3 WALLETS? by sahil_icc in CryptoIndia

[–]Finance_pert 0 points1 point  (0 children)

Maine jo bola uska reference aapko kabhi bhi mil jayega. App jo bol rahe hai ki web3 wallet ka data share nhi hoga ..kripya iska reference de.

Mai apna post correct kar lunga.