$JASMY broke a very crucial zone, expecting a dip back to 0.0033$ zone once the 0.0042$ breaks, that would be a 21% fall off there! But not seeing anything bullish for now!

$RVN also lurking in the shadows

$ENJ with a double breakout here!

தின வர்த்தகத்தில் வெற்றியாளனாக நான் என்ன செய்ய வேண்டும்?

https://www.tamilbtc.com/crypto-trading/%e0%ae%a4%e0%ae%bf%e0%ae%a9-%e0%ae%b5%e0%ae%b0%e0%af%8d%e0%ae%a4%e0%af%8d%e0%ae%a4%e0%ae%95%e0%ae%a4%e0%af%8d%e0%ae%a4%e0%ae%bf%e0%ae%b2%e0%af%8d-%e0%ae%b5%e0%af%86%e0%ae%b1%e0%af%8d%e0%ae%b1%e0%ae%bf/

📍TRADING TIP OF THE DAY 📍

📍TRADING TIP OF THE DAY 📍

❗️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

Market is unstable. Open new positions accordingly.

#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

#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

Wall Street Fear & Greed Index: 73 (Greed)

BTC Weekly MA200

🔸Bitcoin (BTC) has recently reached the 200-day moving average (MA200), which is a significant technical indicator that traders often use to analyze the trend. This is the first time since August 2022 that BTC has encountered the MA200 as a resistance level.
🔸If the bulls are able to push BTC above this level, it could be seen as a bullish signal for the overall market. Breaking through this level could potentially lead to a macro bullish trend for BTC.

🔸This is the third most realized profit from Bitcoin short-term holders in over 5 years at the end of January. It's currently happening.

ADA analysis:

ADA is trading in the broadening channel and the price continues the uptrend. The support is $0.36-$0.37 area and this is the zone for new entries. The resistance is $0.41-$0.42 area and a break above this will send the price toward $0.49-$0.50 resistance.

The current demand for Inscription transactions has sent the Bitcoin Transaction Count Momentum to its highest level since Jan 2021.

The rapid ascent in Transaction Count reflects a significant increase in network activity, as demand for on-chain transactions begins to return.

FTM analysis:

FTM bounced from the daily candle support area. The major resistance is the $0.65-$0.68 area. If you have open long positions then increase your stop loss to the buying price. The local support is $0.45 and major support is $0.40 level.

useful link https://twitter.com/TamilBTC_/status/1632065424182620163

SNX analysis:

SNX is trading in a broadening channel. The major support is the $2.00-$2.05 area and the major resistance is the $3.50-$3.55 area. Wait for a test of the resistance zone and how prices reacts there for new positions.

Balaji is putting up a $2M bet that Bitcoin will be north of $1M in 90 days.

https://twitter.com/balajis/status/1636797265317867520

📍 Follow @tamil_btc for the hottest news in crypto.