@thisisksa But how do they expect to pay taxes after the guy incurred losses??? That's unfair
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Devki Nandan Singh
325 posts
🇮🇳 Lucknow man got an ₹88 lakh tax notice for Bitcoin trading! 🤯
He had invested around ₹9.6 lakh and reported a loss of ₹3.3 lakh.
So why did the tax notice become ₹88 lakh? 🤔
Because the Income Tax Department wasn’t looking at his profit.
They were looking at his transactions.
This trader kept buying, selling and swapping crypto across transactions that reportedly crossed ₹80 lakh in total volume.
To the system, it looked like massive unverified activity.
And that’s where many people get trapped.
In crypto, one trade can become multiple taxable records:
• $BTC → $ETH
• $ETH → $USDT
• $USDT → another token
• Wallet transfers
• Re-deposits to exchanges
You may think that you only invested ₹10 lakh. But the transaction trail can easily multiply far beyond that.
The department now cross-checks exchange data, TDS deductions, AIS reports, bank accounts and ITR disclosures.
If numbers don’t align properly, scrutiny starts automatically.
Another big mistake?
People only report the final profit or loss.
But crypto taxation increasingly works on transaction-level visibility, not just end results.
So even if you lost money overall, missing records, wrong ITR forms, incomplete disclosures or unexplained fund movement can still trigger notices.
India’s crypto tax rules may still be confusing.
But the tracking infrastructure is getting smarter every year.
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JUST IN: Fed Minutes signal no rush for rate cuts! 🚨
Officials said sticky inflation, energy prices, tariffs, and Middle East tensions may require interest rates to stay elevated for longer.
Several policymakers even signaled more hikes may be needed.
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@thisisksa Very neatly explained.. karan bhai.. 👌👌 the current account deficit was always the problem for india and now increasing even more .. indeed putting pressure on the India's BoP
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“STOP BUYING GOLD.”
That was the clearest message from PM Modi to Indian citizens. 🇮🇳
Not tomorrow, not someday, but for at least the next ONE year!
Alongside it, PM urges citizens to reduce imports, conserve fuel, and avoid unnecessary foreign currency spending.
At first glance, that sounds unusual.
But when you zoom out, the reason becomes clear.
India is facing pressure from almost every direction at once.
The global economy is slowing.
Oil prices are surging again.
The US dollar is strengthening.
The rupee is weakening.
And India, one of the world’s largest import-dependent economies, is buying record amounts of GOLD.
Here’s the bigger picture 👇
India imported nearly $72 BILLION worth of gold in FY26, one of the highest levels ever recorded.
In volume terms, the country imported over 700 tonnes of gold.
India remains the world’s 2nd largest gold consumer after China 🇨🇳
And this matters because India does NOT produce enough gold domestically.
Almost every ounce is imported using US dollars.
So every time Indians rush into buying gold,
India is selling more rupees and buying more dollars.
That creates a chain reaction:
🔴 Demand for USD rises
🔴 The rupee weakens
🔴 Imports become more expensive
🔴 Inflation rises
🔴 India’s trade deficit widens
Now combine this with the current global situation.
The Middle East conflict has pushed oil prices sharply higher, with fears growing around disruptions near the Strait of Hormuz.
And India is extremely vulnerable here because it imports the majority of its crude oil.
Higher oil prices and massive gold imports are creating enormous pressure on India’s foreign exchange reserves.
That’s why Modi’s message wasn’t just about “saving money.”
It was about protecting India’s macroeconomic stability.
The IMF warned that the global economy is now "in the shadow of war," as rising inflation, slowing growth, energy shocks, tighter financial conditions, and a stronger dollar threaten emerging economies.
Meanwhile, the US dollar is strengthening globally as investors flee toward “safe haven” assets during geopolitical uncertainty.
The Indian rupee recently hit a record low of ₹95.45 against the US dollar as oil prices surged and global investors pulled capital toward safer markets.
This creates another problem:
India pays for most global trade in dollars.
So when the rupee weakens:
▫️ fuel becomes costlier
▫️ imported goods become expensive
▫️ inflation rises further
▫️ government subsidy pressure increases
And then comes the gold paradox.
Interestingly, RBI has been aggressively accumulating gold reserves in recent years as central banks worldwide prepare for geopolitical instability and currency uncertainty.
So at the sovereign level:
👉 Gold is seen as protection.
But at the retail level:
👉 Excessive gold imports drain dollars from the economy.
That’s the balancing act India is now trying to manage.
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$BTC briefly crashes to $0.02 on Revolut chart glitch. 💀
Traders experienced 3 seconds of generational poverty before realizing it was a bad data feed. 👀
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Iran accuses U.S. of ceasefire breach 🚨
Says Washington targeted ships near the Strait of Hormuz and carried out airstrikes on civilian areas in Khamir, Sirik, and Qeshm Island.
Warns of a “crushing response” amid rising tensions.
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@thisisksa @being_py Rehne do karan bhai ignore... Genuine ppl know ur worth 🙌
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tum jaise lodu kabhi strategy nahi samajh sakte.
Apna P&L Dikha fir baat karna
Tujhe aati hai trading toh dikha ? Gaali likhna is a work of loosers, life main chutiya bann ke reh gaye toh dusro ko gaali do internet free hai toh.
I CAN THROW SO MANY PROFITABLE TRADES AND ACCURACY OF 80% ON YOUR SHITTY FACE BUT MY SHIT ALSO WONT LIKE YOUR FACE TO BE IN
हिन्दी
$BTC Trapped sellers at 65k 🚨
I clearly informed everyone at 65k-67k that I feel it's a trap right now, and we will move up to the 78-80k level.
We took perfect swing longs and booked profit on #bitcoin while $ETH still runs as I expect it to tap 2560 - 2620 level ✅
Now what is important here - Not to FOMO at these levels until we get clear reclaim above 82172 - 85900 level.
Once we get that then the market will be very bullish in weekly scenario also with high probability chances of $97k next 🚀
Strong support level for pullback is at 77600 - 75400 level, where we can liquidate the fomo longs with a sudden wick, fill the inefficiencies, and then continue the trend for upside.
On TOTAL Market cap also, we are approaching a resistance block at 2.7 Trillion - 2.85 Trillion level.
For trades confirmation i will inform in my telegram group where we post daily scalping levels - Link iN Bio ✅
#cryptocurrency
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Evm got hacked
Bitsharks 🦈
manish sharma@ManishMash3672
@Laxmanfi @SHUBHAMPAN45981 you can create a poll in the group of 1500 people even if they are profitable in your group or not, even 20% of the people profitable from your call or analysis then i will follow you further if not then your are same influncer like other one who is making money from comission.
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Trump reacts to Jerome Powell staying on as a Fed governor after his term as Fed Chair ends on May 15.
He says Powell is only staying at the Fed because “nobody wants him.” 👀
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Crazy swing profits on $BTC & $ETH 🔥
Called this a month ago in my community — said it clearly, this move looks like a trap.
While most kept shorting from 66k → 72k and getting stopped out again and again… we stayed patient, followed the plan, and executed the setup perfectly.
Always humble and grateful for the profits 🙏
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JUST IN 🚨: Iran says no delegation went to Pakistan for US talks, calling the reports baseless.
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