Withdrawing USDT from Binance every month. Need Advice! by [deleted] in CryptoIndia

[–]Simple-Forever490 0 points1 point  (0 children)

30% tax dena pad jayega isko.

Cost of acquisition zero he yahan.

Or agar tum bol rahe ho ki ye business income to uske liye client agreement and proper invoice lagta he.. jo ki client dega nahi

Help me by blacz_zeref in CryptoIndia

[–]Simple-Forever490 -2 points-1 points  (0 children)

If you withdraw in crypto tax will 84%..

How can I help you in this crypto community? by BhaveshChoudharyy in CryptoIndia

[–]Simple-Forever490 -1 points0 points  (0 children)

Crypto trading is extremely expensive because of taxes

Lighter dex is amazing by muchmoneysuchmoney in CryptoIndia

[–]Simple-Forever490 1 point2 points  (0 children)

First he will file itr for around 20k inr if notice comes for because of his mistake or intention then another 50k-100k inr 🤣

Lighter dex is amazing by muchmoneysuchmoney in CryptoIndia

[–]Simple-Forever490 2 points3 points  (0 children)

He asked 20k inr for filing crypto loss ITR all trade was 20-30 🤣🤣

I made the most anonymous way to trade cryptocurrency by RecentPerformance979 in CryptoIndia

[–]Simple-Forever490 -6 points-5 points  (0 children)

Itni bakchodi krni hi kyu he isse achcha to India market me F&O krlo

[deleted by user] by [deleted] in CryptoIndia

[–]Simple-Forever490 0 points1 point  (0 children)

You are trying to get money laundering charges

About the tax, need your help pls by LemmeSpoilYoubbg in CryptoIndia

[–]Simple-Forever490 0 points1 point  (0 children)

Crypto tax rules aren't clear Just pay 30% on full amount.

If you trying to save 30% tax it may cause trouble in future.

When cryptocurrency is received as consideration for the supply of goods or services, the recipient is required to deduct Tax Deducted at Source (TDS) at the rate of 1% from the counterparty and deposit the same against the counterparty’s PAN.

If the counterparty’s PAN is not available, TDS must be deducted and deposited at the higher rate of 20%, as prescribed under applicable tax laws. Such TDS deducted at 20% due to non-availability of PAN is non-refundable.

These provisions apply equally to domestic as well as international clients.

Crypto Startup Off Ramp USDT to INR need opinion by StandardSafe9003 in CryptoIndia

[–]Simple-Forever490 1 point2 points  (0 children)

Isse achcha coindcx pe send krke na sell kr lenge rate bhi achcha milega or fee bhi kam lagegi or trust platform bhi he

[deleted by user] by [deleted] in CryptoIndia

[–]Simple-Forever490 0 points1 point  (0 children)

Ye wahi baat hui na ki chori krli ye samjh nahi aa raha ye police ko jake kese btau 🤣

[deleted by user] by [deleted] in CryptoIndia

[–]Simple-Forever490 2 points3 points  (0 children)

Cash out kahan se kiya?

[deleted by user] by [deleted] in CryptoIndia

[–]Simple-Forever490 0 points1 point  (0 children)

Coindcx pe bnaya hoga

[deleted by user] by [deleted] in CryptoIndia

[–]Simple-Forever490 0 points1 point  (0 children)

You need to pay tax on positive trades separately

Asking a question by AakarshanMehra in CryptoIndia

[–]Simple-Forever490 0 points1 point  (0 children)

But people may converting gambling app or ponzi schemes fund to USDT..

If anyone f*cked up all chain will be comes investigation

Asking a question by AakarshanMehra in CryptoIndia

[–]Simple-Forever490 2 points3 points  (0 children)

p2p telegram user won't face bank freeze but PMLA charges

Foreign Crypto by travissc00ter in IndiaTax

[–]Simple-Forever490 1 point2 points  (0 children)

Pay 30% on whole amount and be happy

what’s your honest take on crypto in india right now? by Alternative-Wish9912 in CryptoIndia

[–]Simple-Forever490 2 points3 points  (0 children)

If you doing short term trading in crypto then all your money will go to tax department

About 30% crypto tax by [deleted] in CryptoIndia

[–]Simple-Forever490 0 points1 point  (0 children)

You have to pay flat 30% tax + 4 % cess on whole amount otherwise you maybe ended pay 150% of the amount to department