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India Neglects Regulation, Chases More Crypto Taxes 👇
1️⃣ No Clear Rules
For years, crypto traders asked for regulation. Government gave silence. Exchanges left guessing.
2️⃣ Tax Hammer Falls
When action came, it was brutal, 30% tax on gains + 1% TDS. Traders suffocated, innovation left the window.
3️⃣ Exodus of Companies
Startups and exchanges fled to Dubai, Singapore, and beyond in order to avoid heavy taxes.
4️⃣ New Offshore Hunt
Now Delhi wants to follow OECD’s CARF (Organization for Economic Co-operation and Development – Crypto-Asset Reporting Framework). Even if Indians park crypto in foreign wallets, data will flow back to the taxman.
5️⃣ Timeline Locked
CARF implementation begins April 2027. Multilateral tax data treaty will be signed in 2026.
6️⃣ Big Brother Framework
CARF forces exchanges, brokers, and wallets to collect every detail, user identity, balances, and transactions and share across borders. No hiding.
7️⃣ Why So Aggressive?
Revenue. Over 44,000 tax notices already sent. Millions recovered. Offshore assets are next in line.
8️⃣ Global Angle 🌍
EU starts by 2026. India joins by 2027. Crypto world enters full CCTV mode.
9️⃣ Final Take
No regulation when it mattered. High taxes when it hurts. Now, even offshore Indian crypto will not escape the net. Your gain is the government’s share, and your loss is yours alone🤐
#indiantax
1️⃣ No Clear Rules
For years, crypto traders asked for regulation. Government gave silence. Exchanges left guessing.
2️⃣ Tax Hammer Falls
When action came, it was brutal, 30% tax on gains + 1% TDS. Traders suffocated, innovation left the window.
3️⃣ Exodus of Companies
Startups and exchanges fled to Dubai, Singapore, and beyond in order to avoid heavy taxes.
4️⃣ New Offshore Hunt
Now Delhi wants to follow OECD’s CARF (Organization for Economic Co-operation and Development – Crypto-Asset Reporting Framework). Even if Indians park crypto in foreign wallets, data will flow back to the taxman.
5️⃣ Timeline Locked
CARF implementation begins April 2027. Multilateral tax data treaty will be signed in 2026.
6️⃣ Big Brother Framework
CARF forces exchanges, brokers, and wallets to collect every detail, user identity, balances, and transactions and share across borders. No hiding.
7️⃣ Why So Aggressive?
Revenue. Over 44,000 tax notices already sent. Millions recovered. Offshore assets are next in line.
8️⃣ Global Angle 🌍
EU starts by 2026. India joins by 2027. Crypto world enters full CCTV mode.
9️⃣ Final Take
No regulation when it mattered. High taxes when it hurts. Now, even offshore Indian crypto will not escape the net. Your gain is the government’s share, and your loss is yours alone🤐
#indiantax
#Walletconnecet
Israel officially asked the U.S. to join forces in striking Iran.
Israeli officials have formally requested U.S. military involvement to eliminate Iran’s nuclear facilities—specifically bunker-buster bombs and deep-strike capabilities needed to hit hardened underground sites like Fordow. Their own arsenal reportedly lacks the necessary depth and range
Israel officially asked the U.S. to join forces in striking Iran.
Israeli officials have formally requested U.S. military involvement to eliminate Iran’s nuclear facilities—specifically bunker-buster bombs and deep-strike capabilities needed to hit hardened underground sites like Fordow. Their own arsenal reportedly lacks the necessary depth and range
@WalletConnect $NEWT
Israel officially asked the U.S. to join forces in striking Iran.
Israeli officials have formally requested U.S. military involvement to eliminate Iran’s nuclear facilities—specifically bunker-buster bombs and deep-strike capabilities needed to hit hardened underground sites like Fordow. Their own arsenal reportedly lacks the necessary depth and range
Israel officially asked the U.S. to join forces in striking Iran.
Israeli officials have formally requested U.S. military involvement to eliminate Iran’s nuclear facilities—specifically bunker-buster bombs and deep-strike capabilities needed to hit hardened underground sites like Fordow. Their own arsenal reportedly lacks the necessary depth and range
@WalletConnect $NEWT
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Every week they landed some coin, but after launching , their value decreases.
#NEWTBinanceHODLer
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now huge positive percentage show, after few days nosedive
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