Reddy (❖,❖)

@Crypto_Pranjal If you earn online and are paid through crypto, you don’t have to pay 30% tax. You can pay at the end of the year according to your slab. Just make sure to keep records of everything. Use an Indian exchange to sell your money and file an ITR. 🫡🫡

I just paid tax (India) on my crypto! 🏦 All the crypto I earned and all transactions done under my name in the last financial year are now properly reported and tax-paid. I worked with a CA (Chartered Accountant) for this. He handled the filing and made sure everything was done in a clean and compliant way. Crypto tax in India is still confusing for many people. And if you’re from India, this might be helpful. I’m just sharing my own experience here. Some details may not be perfect, and rules keep changing, so always consult a CA for your own situation. ------------- ▶️ A few basics in simple words Selling crypto = taxable event The moment you sell crypto or swap it for another token, tax rules apply. Holding crypto or USDT = not taxable Just depositing USDT to an Indian exchange like CoinDCX and holding it does not trigger tax. No sale, no swap, no tax. ------------- ▶️ One big misunderstanding a lot of people have: 1% TDS is NOT the final tax When you sell crypto on Indian exchanges, they deduct 1% TDS. TDS (Tax Deducted at Source) means the exchange cuts a small amount and sends it to the government to signal that a crypto transaction happened. Example: You sell crypto worth ₹1,00,000. Exchange cuts ₹1,000 and sends it to the government. You receive ₹99,000. That ₹1,000 is not your final tax. It’s just an advance adjustment and tracking mechanism. Final tax is calculated later when you file your return. ------------- ▶️ How crypto is taxed in India (as of now): - Crypto profits are taxed at 30% - Plus health and education cess - No deductions for expenses - Losses can’t be adjusted against other income All of this is calculated when you file your ITR (Income Tax Return). ------------- ▶️ How airdrops are taxed in India: In India, airdrops are generally treated as income at the time you receive them, based on their fair market value in INR on that day. This can be taxable even if you don’t sell. Later, when you sell the airdrop: - The value taxed at receipt becomes your cost price - Any gain on sale is taxed again at 30% (plus cess) - Losses, if any, cannot be adjusted Example: Airdrop received on 5 June 2024, value = $1,000. That $1,000 may already be taxed as income at receipt. - If the price dumps and you sell at $500: - $500 − $1,000 = loss, which is not adjustable If the price pumps and you sell at $1,300: - $1,000 taxed at receipt - $300 treated as profit and taxed at 30% So depending on when you sell, you can end up paying tax even when you’re down overall, or paying tax twice across different stages. This is where crypto tax in India feels messy. There’s still no crystal-clear rulebook, so many CAs take a conservative approach to avoid future notices. That’s why keeping proper records, noting dates and prices, and working with a CA matters a lot. ------------- ▶️ Why I paid late this year: Being honest here. A few things around crypto tax were not very clear. Even now, everything isn’t 100% clear. I tried to gather as much information as possible. Yes, this was avoidable with better planning. But it’s also understandable given how unclear crypto tax still feels in India. Because of the delay: - Interest was charged at 1% per month on unpaid tax (as per income tax rules) - Late filing fee of ₹5,000 was added for filing after the due date ------------- ▶️ A few things worth keeping in mind if you’re planning to pay crypto tax (India): Things that HELP: - Declare crypto sales properly - Pay advance tax if you trade often - Try to file on time - Make sure your ITR matches AIS and 26AS AIS and 26AS already show what banks and exchanges have reported to the government. If your return matches them, things stay clean and you usually don’t get notices. Things to AVOID: - Randomly showing crypto as business income - Trying to adjust crypto losses or expenses - Assuming small amounts don’t matter ------------- ✅ Final thoughts: A lot of people around us probably haven’t paid crypto tax yet. That doesn’t mean the data disappears. Exchanges already report transactions. Paying tax hurts short term, especially when rules aren’t very clear. But clean records, no mismatch, and peace of mind matter long term. Again, just sharing my experience. Not advice. Always best to consult a CA for your own case.

@superstar_rweb3 Nice one!

In this thread i am going to discuss about different validator clients and their scheduling logics so catchup with me🚀🚀

@MorningStar8 @MrFreeman0 Epic

Okay Here we go again. @MrFreeman0 is basically a big online personality and brand that already has a huge audience. It didn’t start as a crypto project. First, it grew as a content and character-based brand, and now it’s slowly moving into Web3 / blockchain. What makes Mr. Freeman special? 👻It already has millions of followers 👻Very high engagement and views People recognize the character, not just the account This means it’s not a random new project trying to get attention ,the attention already exists. What is happening now? Mr. Freeman has clearly said that it is “going onchain.” In simple words: 👻The brand is entering crypto 👻There may be NFTs, tokens, or onchain utilities 👻Early community members will likely get benefits Web3 Side (Important Part) The project has shown connections or support from: 👻Base (Coinbase’s L2) @base 👻1inch @1inch and @rarible This matters because it shows the project is not casual or careless. These names usually don’t associate with low-effort projects. Why so bullish ? 👻Not rushed 👻Not over-promising 👻More focused on brand + community first 👻Crypto comes second, which is usually a good sign That's all about it. hope you get all the info are valuable to all.

Gritual Guys @ritualnet “LOLBEANS × KENCY DRAWS” Here is the PFP for last week’s champion of LOLBEANS massive shoutout to @ReadyToApe and @CommanderJiro for taking the W! "Today, we go again." Jump in, play your best, and claim your PFP. Because in our world… play best get best. Good luck to everyone.

4. EIP-7212 — P-256 (secp256r1) Signatures What it is: Adds support for another major signature type — P-256 — used by Apple Passkeys, Android Keystore, WebAuthn. “Allows login/signing using Apple Passkeys, Android keystore, and modern hardware keys.”

3. EIP-5920 — PAY Opcode What it is: A safe way to send ETH without running any code on the receiver’s side. “Lets you send ETH safely so smart contracts don’t accidentally run dangerous code.”

What are the four EIP’s mainly added in EVM++ by Ritual?? Ritual adds four important “upgrades” (EIPs) to the EVM. Think of them like new tools added to your toolbox. Here they are in the simplest way possible:

🕯️ 𝑴𝒚 𝒔𝒊𝒈𝒈𝒚 𝒊𝒔 𝒕𝒉𝒆 𝒌𝒆𝒆𝒑𝒆𝒓 𝒐𝒇 𝒕𝒉𝒆 𝒆𝒕𝒆𝒓𝒏𝒂𝒍 𝒌𝒏𝒐𝒕 & 𝒕𝒉𝒊𝒔 𝒊𝒔 𝒉𝒐𝒘 𝒔𝒉𝒆 𝒍𝒐𝒐𝒌𝒔 𝒘𝒉𝒆𝒏 𝒔𝒉𝒆 𝒊𝒔 𝒊𝒏 𝑯𝒆𝒓 𝒉𝒂𝒃𝒊𝒕𝒂𝒕 😎𝒈𝒖𝒊𝒅𝒊𝒏𝒈 𝒕𝒉𝒆 𝒓𝒊𝒕𝒖𝒂𝒍 𝒏𝒆𝒕𝒘𝒐𝒓𝒌 𝒘𝒊𝒕𝒉 𝒎𝒂𝒈𝒊𝒄 𝒂𝒏𝒅 𝒄𝒉𝒂𝒓𝒎 ❖ @joshsimenhoff @BunsDev @Jez_Cryptoz

@Ritual_IN AI pe build karo aur devs ko build karne do

Stop chasing tokenized slop coins. Tum galat jagah dekh rahe ho. Crypto ne humein programmable money diya. Agla trillion-dollar frontier wahin hai jahan programmable money milti hai intelligence se. Yeh hai woh lens jo sab log Crypto x AI stack mein miss kar rahe hain.

What is EVM++ How is it going to change Ethereum? Explain it like I’m five. @ritualnet @Ritual_IN

EIP Extensions: While Ethereum takes a long time to approve and integrate new EIPs, Ritual can support these extensions before Ethereum does and also expose them to developers in a safe and correctly priced way.

Scheduled Transactions: As the name suggests, Smart Contracts will now be able to run by themselves at schedules times without the need of a human or a bot trying to wake them up.

@web3_assest Gritual

Ritual feels like one of those projects where the deeper you go, the more you realize the architecture is built for a much bigger future than people assume. Why this matters ? Web3 is hitting a point where normal chains cannot handle the kind of compute developers want to use. Heavy AI models, ZK proving, and TEE execution all push beyond what the standard execution model can support. What Ritual actually is ? It is an execution layer designed to handle heterogeneous compute. Instead of forcing every node to run the same workload, Ritual intelligently matches jobs to the right hardware through its fee and routing system. Why this changes the game ? You get a chain that can process AI inference, verification, and advanced workloads without slowing down or depending on centralized services. It brings transparency and verifiability to tasks that used to be off-chain black boxes. How it works in practice ? Resonance handles the pricing and matchmaking so compute is always sent to the most efficient nodes. Symphony handles distributed verification so you do not bottle the network with repeated execution. Infernet gives access to thousands of specialized nodes ready to run real workloads. Why developers care ? Builders get a setup where they no longer have to manage servers or depend on one provider. They plug into Ritual and tap into a compute mesh that scales with demand and still keeps everything verifiable end to end. Where this leads ? It sets the stage for a world where chains can outsource heavy work to Ritual. Provers, rollup teams, AI apps, and model marketplaces all gain a backend that is already optimized for their needs. @ritualnet