Impact of Taxation in Crypto as Currency or Tradable Asset - #IAAC-245

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(Edited)

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7 comments
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If taxation will apply on crypto as tradable Asset then it would be good for all of us. This is what exactly we want. There should be a criteria for taxation. For example if i do transaction of more than 1 lakh INR then i have to pay taxes on crypto trades. So this type of criteria would be good for everyone and not become a headache for small traders. let's see what will happen.

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I got your point that there should be a criteria for taxation for sure and it should not be on all type of crypto transaction because I believe if it happens then it will affect the smart investor who is planning to invest few ₹1000 only. Honestly I'm not against the taxation and if it is applied with considering all type of investor in crypto space then it would be a good decision but anything that will come as a force to us will not be appreciated at all . let's wait and watch what is gonna happen in coming weeks or months and the fact is that we have nothing in our hand.

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Exactly brother. They should think about small investors. So this taxation will be perfect for everyone..

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This would be great if they think of the small investor because not everyone can afford that much money which will be added in form of taxation. let's wait and watch what will happen with the further update by the government and relevant authorities in crypto regulation or taxation .

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I am ok with the taxation part but if there will be huge tax impose on it then i am really very concerned regarding it for sure.

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Definitely if it gets huge amount of taxation then will not be good at all. Government must consider the fact that taxation is good but it's percentage should be reasonable considering the crypto as new sector.

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