A Bengaluru auto driver has garnered significant attention on social media after displaying a notice inside his vehicle stating, “We accept cryptocurrency.”
Key Details:
- Viral Notice: The notice, placed above the windshield, was shared on X (formerly Twitter) by Garima Sharma (@Garimaoo2), who highlighted the driver’s modern approach.
- Social Media Reactions:
- Garima Sharma: “Bro is transforming faster than most literate Indians.”
- ctrus (@ctrus_move): “He must be attending those web3 hackathons in parallel I bet.”
- Apocalypse (@Apocalypse3007): “Bro knows more about web3 than I could ever know.”
- Query: A user asked if meme coins could be used for payment.
Tax Implications:
- Crypto Tax: The new tax provisions introduced in April 2022 include a 30% tax on income from crypto assets and a 1% Tax Deducted at Source (TDS) on transfers.
- Expert Opinions:
- Industry experts view the crypto tax as a step towards India’s progressive approach but call for the crypto industry to be treated on par with other sectors.
- There is criticism over the inability to offset losses from one crypto asset against gains from another or to carry forward losses.
Public Sentiment:
- Criticism: Some users noted the tax implications, with one commenting, “Meanwhile financial minister says, ‘Pay 30 percent tax…’”
Read More:
Other Articles
Next
August 20, 2024
Alternative Bridging bolsters sales team with new hire
Previous
No Comment! Be the first one.