KoinX

Our Year-End Report for Indian Crypto Tax FY 2024–25 is now LIVE. We derived insights from ₹70,000+ Cr in user trading volume. Here Are The Key Highlights: 1) KoinX users alone paid ₹130+ Cr in crypto TDS (over 25% of India’s total). 2) ₹38.52 Cr was over-collected as TDS & had to be refunded to users. 3) Users made ₹2,861 Cr in profits. At 30% tax, that’s ~₹858 Cr in taxes. 4) With no loss adjustment allowed, users ended up owing ~ ₹1,170 Cr in tax. 5) ₹2,039 Cr of crypto losses got no tax relief at all. 1 in 5 traders tried futures, total losses (₹2,742 Cr) exceeded profits (₹2,492 Cr). 6) ₹51,252 Cr (nearly 72% of Indian crypto trading) moved offshore. 7) ₹208 Cr was earned without trading, via airdrops, staking, and rewards. Full Report👇 koinx.com/crypto-tax-ins…

@MetaMask Wen profits are booked don't forget to file taxes on them

The price of oil impacts everything - gas, groceries, global trade - and it's on the rise. Are you paying attention? ⤵️

@binance caffeine max pro

I call it a balanced breakfast.

@jimcramer Umm... What you guys doin next?

Very oversold...

@Route2FI It comes with taxes though

Simpler days. I miss the yield haha.

@Arun_vish Yes, hard times

@getkoinx Didn’t crypto just crash?

genz aren’t drinking, they’re not working hard, they’re not marrying, they’re not having kids, aisa kya kar rahe hai ye log?

@Wakeupbuddy1 Not yet.... 😛

@getkoinx Do we also get taxed on thinking about airdrops?

Most crypto investors think: "Staking = free coins" That's completely FALSE👇 1) You’re taxed when you receive rewards. 2) Then taxed again when you sell them. 🇺🇸 USA: Income at fair market value on receipt 🇬🇧 UK: Income first, CGT on disposal 🇦🇺 Australia: Ordinary income 🇮🇳 India: Slab rate on receipt + 30% on gains Miss the income stage? Most people track the sale and miss the income stage. That’s where audit risk begins.

@TheW3Space Could you please tell us in our DM?

@getkoinx Let’s talk, I have a proposal ⚡️ twitter.com/messages/compo…

Our Year-End Report for Indian Crypto Tax FY 2024–25 is now LIVE. We derived insights from ₹70,000+ Cr in user trading volume. Here Are The Key Highlights: 1) KoinX users alone paid ₹130+ Cr in crypto TDS (over 25% of India’s total). 2) ₹38.52 Cr was over-collected as TDS & had to be refunded to users. 3) Users made ₹2,861 Cr in profits. At 30% tax, that’s ~₹858 Cr in taxes. 4) With no loss adjustment allowed, users ended up owing ~ ₹1,170 Cr in tax. 5) ₹2,039 Cr of crypto losses got no tax relief at all. 1 in 5 traders tried futures, total losses (₹2,742 Cr) exceeded profits (₹2,492 Cr). 6) ₹51,252 Cr (nearly 72% of Indian crypto trading) moved offshore. 7) ₹208 Cr was earned without trading, via airdrops, staking, and rewards. Full Report👇 koinx.com/crypto-tax-ins…

@baseposting a 10/10 view

who wants to do some baseposting with a view

@Cointelegraph I thought we were done w this guy

🎬 LATEST: Netflix is developing an eight-episode series The Altruists about Sam Bankman-Fried and Caroline Ellison, starring Julia Garner and Anthony Boyle. Will you watch it?

@coinbureau Hype is grabbing lunch money casually

🔥HYPE PUSHES CARDANO OUT OF TOP 10 CRYPTO Hyperliquid (HYPE) has overtaken Cardano, knocking $ADA out of the top 10 by market cap. Over the past week, $HYPE surged 21% to $43, outpacing ADA’s 16% rise to $0.29.

@Polymarket The gains come with taxes tho

BREAKING: Bitcoin is now projected to crash below $45,000 by the end of this year. 51% chance.

@phantom We live to fight another day!

rest here weary traveler. you’ve seen a lot of red market heat maps today

@0xLuxi lool his taxes will be more than the capital he used

how can i sleep when some kid turned $0.79 into $858k.

@itzjoshuajake Let that sink in

JUST IN: 🇺🇸 SEC confirms Stock market will be 24 hours a day, 5 days a week. Me:

@AMAZlNGNATURE Bro wants to go for hunting

Metallic colors shifting on a Greater Blue-Eared Starling's feathers

@CultureCrave @Variety The intern really cannot wait to watch

‘Spider-Man: Beyond the Spider-Verse’ producers tease that they’re developing 'extraordinary' new ways to animate Spot “It’s going to take you to places of abstraction that I think are going to be really special" (via @Variety)

@moonpay 100%

💜 for crypto 👎 for fiat

@InsaneReality Bro is casually taking a video.... As if they're fireworks💀

Humans will normalize anything if it happens enough

@ponzisseur It does come w taxes

this is disturbing ngl billions will die

@netflix Looks like some final destination type movie

Beep beep. BEAUTY IN BLACK is BACK.