hit me$BNB
BNB
852.54
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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
ရှင်းလင်းချက်- ပြင်ပအဖွဲ့အစည်း၏ ထင်မြင်ယူဆချက်များ ပါဝင်သည်။ ဘဏ္ဍာရေးဆိုင်ရာ အကြံပေးခြင်း မဟုတ်ပါ။ စပွန်ဆာပေးထားသော အကြောင်းအရာများ ပါဝင်နိုင်ပါသည်။ See T&Cs.