Hey guys so very quick question for you all I am not into cryptocurrency or bitcoins or anything like that. So in the current budget we have seen that we have have 30% tax on crypto the currencies gain. So do tell me what you think about this. Is it a good decision or not? I would love to hear your answers
Shashwat Amonkar
@Shashwat21 · 2:08
But I just feel that cryptos are not kind of legalized in India. But of course, one can invest in it. But how? There is a kind of authority behind stock market that is Sebi behind it. So there's like if anything goes wrong, then they are like there to guide you. They are there so that you can fight in the court and everything like that. But for cryptocurrencies, there's nothing of that sort like at least till date
Hey Shashwat, I truly agree with what you said. 30% is a huge percentage. But I think in this budget they also told us that they are going to introduce new digital currency of India too. So I guess there will be a shift from crypto to digital currency that will be more legalized, more easy or people can go in court if they face any issues regarding that. I and I guess that's more convenient and good about our country
Swell Team
@Swell · 0:15
Anisha Khureja
@anishakhureja · 2:02
Like a person. Obviously there would be so many people you can say something, something. So that's my point of view on this. So if you have anything to counter I would be glad to hear your opinion after this
Shashwat Amonkar
@Shashwat21 · 2:30
So this is the current reality of India. Okay. So even if you pay taxes, there are lots of other people who don't. So the thing I always say to my parents and to my relatives, you don't have to see others that they're not like paying tax. Okay. It is such a kind of a Department who will just remove your skin when they'll come for inspection and everything like that