NammaCrypto ₿ நம்மகிரிப்டோ
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Tamilnadu Crypto News
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By @tamil_btc
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₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: DekaBank is adopting #bitcoin 🇩🇪

"Today we make another important step towards laying the foundation for giving our institutional investors and millions of people in Germany access to this transformational opportunity," says DekaBank executive

bitmart.tech
FOMC meeting and our Budget today. We may see high volatility in the market. Be prepared for quick pump and dump in market. Use tight stop loss in all trades.
MINA analysis:

MINA broke the long downtrend channel and the price is moving higher. The next major resistance is the $0.98-$1.00 area. The first support is the $0.80-$0.82 area and then the $0.69-$0.71 area. If you have a long position open then use a stop loss and book profit near the major resistance area. No setup for new entries.

bitmart.tech
Since the Friday anomaly peaked around Bitcoin's all-time high set over a year ago, Fridays have been a drag on performance, until recently. With the recent rally in Bitcoin, the Friday anomaly appears to be back.

signup.asia/bnb
January has been the best monthly returns for #Bitcoin since the October 2021 ATH.

43.2% at the top of the range, and 37.7% right now.

Not half bad for an asset that was supposed to be dead ☠️

signup.asia/bg
🔥🔥ETFs Trading Challenge

🎁Trade ETFs and win up to 1,000 USDT Airdrops! Apple iWatch, Airpods, MEXC Merch and More Amazing Prizes to be Won!

12:00:00, Feb 1, 2023 - 12:00:00, Feb 7, 2023 (UTC+8)

🔗 signup.asia/mexc
Automotive giant Toyota is delving deeper into the use cases of blockchain technology by sponsoring a Web3 hackathon on multi-chain smart contract network Astar Network, which could potentially yield management tools for Toyota's employees.

https://www.coindesk.com/web3/2023/01/31/toyota-to-experiment-with-blockchain-use-cases-by-sponsoring-astar-networks-hackathon/
AXS

P
revious scenario : Broke the descending resistance and pumped according to the Technical Analysis

Second scenario : Breaking out as the previous View but the resistance was broken once before , Expecting an upward movement.
signup.asia/c
FED Interest Rate Decision is at 19:00 (UTC) today.

no matter 25bsp or 50bsp the tone of Powell speech will create local volatility.
❗️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