Crypto Total Mcap Update:
🔸The cryptocurrency market has recently seen an increase in value, with the total market capitalization rising from around $745 billion to test the resistance at the $844 billion level.
🔸Despite this increase, the market has remained relatively sideways and has not seen any significant trend in either direction.
🔸The cryptocurrency market has recently seen an increase in value, with the total market capitalization rising from around $745 billion to test the resistance at the $844 billion level.
🔸Despite this increase, the market has remained relatively sideways and has not seen any significant trend in either direction.
#Education Post:
Longest #Bitcoin Bear Market Ever:👇
2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011
2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015
2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018
2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023 and going on 🤔
Longest #Bitcoin Bear Market Ever:👇
2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011
2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015
2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018
2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023 and going on 🤔
TRADING TIP OF THE DAY
Trading local H&S (Head and Shoulders) Pullbacks:
1) Watch out for the patter in Lower Time Frames
2) Ladder in your position (Due to stop hunts)
3) First retests are generally stop hunts, and not reversals
Nammacrypto.com
❗️TDS all Question & Answers ✅👇
Q1. I am trading on Indian exchanges, Should I deduct TDS?
- No. If trading on Indian exchanges all TDS compliance will be done by Indian exchanges.
The tax payer need not file any TDS forms.
Q2. I am doing P2P on Indian exchange, Should I deduct TDS?
- No. If trading on Indian exchanges all TDS compliance will be done by Indian exchanges.
The tax payer need not file any TDS forms.
Q3. I am doing P2P outside Indian exchanges (like Foreign exchanges or separately), Should I deduct TDS?
- Yes, you are required to deduct TDS and file TDS Forms.
Q4. I am doing trading on International exchanges or DEX (not P2P), Should I deduct TDS?
- Currently this is a grey area. There is no guidance from Income Tax Dept. on how TDS will work on DEX & Foreign exchanges.
Please consult your CA or Tax advisor to understand the risks.
Q5. How many TDS forms are there and which is applicable to Individuals?
- There are 2 TDS forms. 26Q & 26QE
A. Form 26Q is applicable if you have Business Income > 1 cr or Professional Income >50 L in FY 21-22.
If this forms applies to you, Please consult your CA for filing.
—B. Form 26QE is applicable if you
1. Don't have Business/Professional Income OR
2. You have business Income up to 1 cr or Professional Income >50L
This form is NOT yet available on Income tax portal for filing.
We will need to wait for clarity from ITD
Q6. What are the consequences of not deducting TDS?
- There are significant consequences like Penalties, Jail and also fines.
Please consult your CA or tax advisor before taking any decision :)
—-Update*
1. Penalty equal to TDS amount
2. Jail term is 3 months to 7 years and additional fine
tamilbtc.com/ht
Q1. I am trading on Indian exchanges, Should I deduct TDS?
- No. If trading on Indian exchanges all TDS compliance will be done by Indian exchanges.
The tax payer need not file any TDS forms.
Q2. I am doing P2P on Indian exchange, Should I deduct TDS?
- No. If trading on Indian exchanges all TDS compliance will be done by Indian exchanges.
The tax payer need not file any TDS forms.
Q3. I am doing P2P outside Indian exchanges (like Foreign exchanges or separately), Should I deduct TDS?
- Yes, you are required to deduct TDS and file TDS Forms.
Q4. I am doing trading on International exchanges or DEX (not P2P), Should I deduct TDS?
- Currently this is a grey area. There is no guidance from Income Tax Dept. on how TDS will work on DEX & Foreign exchanges.
Please consult your CA or Tax advisor to understand the risks.
Q5. How many TDS forms are there and which is applicable to Individuals?
- There are 2 TDS forms. 26Q & 26QE
A. Form 26Q is applicable if you have Business Income > 1 cr or Professional Income >50 L in FY 21-22.
If this forms applies to you, Please consult your CA for filing.
—B. Form 26QE is applicable if you
1. Don't have Business/Professional Income OR
2. You have business Income up to 1 cr or Professional Income >50L
This form is NOT yet available on Income tax portal for filing.
We will need to wait for clarity from ITD
Q6. What are the consequences of not deducting TDS?
- There are significant consequences like Penalties, Jail and also fines.
Please consult your CA or tax advisor before taking any decision :)
—-Update*
1. Penalty equal to TDS amount
2. Jail term is 3 months to 7 years and additional fine
tamilbtc.com/ht
#VRA with support, it faces $0.0078 - $0.0085. and has reached the bottom of the channel. If the support is broken, there is a possibility of a decline to $0.0054. Negative divergence is also observed.
signup.asia/ht
signup.asia/ht
#Solana
It has formed a bearish channel and is at the support of $20.00-20.50. The continuation of negative news in the market will cause the support to fail and the price will reach 18$ .
signup.asia/bityard
It has formed a bearish channel and is at the support of $20.00-20.50. The continuation of negative news in the market will cause the support to fail and the price will reach 18$ .
signup.asia/bityard