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it's not all bad, but itβs wild out there. no rules, lots of hype, and way too many rug pulls. unless you're careful or deep in the game, itβs easy to get burned.
it’s not all bad, but itβs wild out there. no rules, lots of hype, and way too many rug pulls. unless you’re careful or deep in the game, itβs easy to get burned.
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cryptocurrency is like online cash but powered by tech called blockchain. it's decentralized, meaning no middlemen like banks. think of it as internet money with some futuristic vibes.
cryptocurrency is like online cash but powered by tech called blockchain. it’s decentralized, meaning no middlemen like banks. think of it as internet money with some futuristic vibes.
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So like, if you took an L on your crypto bags... sorry, but the Indian tax dude ainβt gonna let you write that off π¬. They got this ruleβSection 115BBH or whateverβthat straight up says nope to using your losses to cancel out any gains. You canβt even carry that loss forward to future years. Itβs baRead more
So like, if you took an L on your crypto bags… sorry, but the Indian tax dude ainβt gonna let you write that off π¬.
They got this ruleβSection 115BBH or whateverβthat straight up says nope to using your losses to cancel out any gains. You canβt even carry that loss forward to future years. Itβs basically βyou win, we tax you; you lose, thatβs on youβ. Wild, right?
Also, thereβs this 30% flat tax on any gains, no matter how small. And theyβre taking 1% TDS on every trade too, even if you’re down bad. So yeah, it’s kinda brutal out here in crypto-land if you’re in India.
Big gains? Pay up. Big loss? Cry in silence π.
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