πMN360π°π₯
Dc famedome update π Good news if you sell your #NFT u can Withdraw starts from 7 July -
β¨DC Famedome NFT update
Now you can withdraw funds from the DC NFT Marketplace
You can now withdraw funds from the DC NFT Marketplace to your bank account via wire transfer. Our payment processor charges a flat fee of $25 per Cash Out β so youβll need a minimum Credit Balance of $25 in order to use this feature. Read on below for our guide to Cash Out.
β‘οΈπHow to use Cash Out ?
β‘οΈLog in to your DC NFT account
οΏΌGo to Account Details
οΏΌGo to Credit Balance and select Cash Out
οΏΌFollow the prompt and select Start Cashing Out
οΏΌEnter desired Amount To Cash Out then select Continue
οΏΌEnter your banking details then select Continue
οΏΌConfirm your Cash Out
@MN360
Now you can withdraw funds from the DC NFT Marketplace
You can now withdraw funds from the DC NFT Marketplace to your bank account via wire transfer. Our payment processor charges a flat fee of $25 per Cash Out β so youβll need a minimum Credit Balance of $25 in order to use this feature. Read on below for our guide to Cash Out.
β‘οΈπHow to use Cash Out ?
β‘οΈLog in to your DC NFT account
οΏΌGo to Account Details
οΏΌGo to Credit Balance and select Cash Out
οΏΌFollow the prompt and select Start Cashing Out
οΏΌEnter desired Amount To Cash Out then select Continue
οΏΌEnter your banking details then select Continue
οΏΌConfirm your Cash Out
@MN360
β€1
πMN360π°π₯
β¨DC Famedome NFT update Now you can withdraw funds from the DC NFT Marketplace You can now withdraw funds from the DC NFT Marketplace to your bank account via wire transfer. Our payment processor charges a flat fee of $25 per Cash Out β so youβll needβ¦
β‘οΈβοΈHere are some additional tips on using the Cash Out feature:
You can only have one Cash Out in progress at a time, and can only request a Cash Out to a bank account you own.
Requests will take between 5-10 business days
Your bank may take up to 3-5 business days to process the wire transaction. Your bank may also charge you a fee to receive the wire transfer.
Your bank may also reject or reverse the Cash Out if the information you provide in your Cash Out request does not match the information your bank has on file for you.
@MN360
You can only have one Cash Out in progress at a time, and can only request a Cash Out to a bank account you own.
Requests will take between 5-10 business days
Your bank may take up to 3-5 business days to process the wire transaction. Your bank may also charge you a fee to receive the wire transfer.
Your bank may also reject or reverse the Cash Out if the information you provide in your Cash Out request does not match the information your bank has on file for you.
@MN360
β€1
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β‘οΈForm Link:-https://docs.google.com/forms/d/e/1FAIpQLScayyFxrhaBbRebIueDNGb8YVYgme9iO0Fcc32xKf-z57eilw/viewform
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β€1
Here are a few frequently asked questions about the new TDS rules:
Question 1: Who will deduct tax as TDS when crypto is bought or sold via WazirX?
The Central Board of Direct Taxes (CBDT) has clarified that when someone is buying Crypto via an Exchange (even in the case of P2P transactions), Tax can be deducted under section 194S by the Exchange. Making it simple; technically, you as a buyer or seller will not have to do anything. WazirX will do the needful.
β
Question 2: At what rate will tax on crypto be deducted?
Here is a simple table to answer this question:
Question 3: Is TDS applicable on Crypto Withdrawals/Transfers?
TDS is not applicable on Crypto Withdrawals or Transfers. That means tax will be deducted only when Crypto is bought or sold.
β
Question 1: Who will deduct tax as TDS when crypto is bought or sold via WazirX?
The Central Board of Direct Taxes (CBDT) has clarified that when someone is buying Crypto via an Exchange (even in the case of P2P transactions), Tax can be deducted under section 194S by the Exchange. Making it simple; technically, you as a buyer or seller will not have to do anything. WazirX will do the needful.
β
Question 2: At what rate will tax on crypto be deducted?
Here is a simple table to answer this question:
Question 3: Is TDS applicable on Crypto Withdrawals/Transfers?
TDS is not applicable on Crypto Withdrawals or Transfers. That means tax will be deducted only when Crypto is bought or sold.
β
πMN360π°π₯
Here are a few frequently asked questions about the new TDS rules: Question 1: Who will deduct tax as TDS when crypto is bought or sold via WazirX? The Central Board of Direct Taxes (CBDT) has clarified that when someone is buying Crypto via an Exchangeβ¦
Question 4: For whom 5% TDS will be applicable and why?
As per Section 206AB of the Income-Tax Act, 1961, if you have not filed your Income Tax Return in the last 2 years and the amount of TDS is βΉ50,000 or more in each of these two previous years, then the tax to be deducted as TDS for Crypto-related transactions will be at 5%.
Question 5: On WazirX, where can I see the tax deducted on my trades?
On WazirX, you can check the tax deducted as TDS on the order details page. Additionally, your Trading Report will also show the TDS details after 48 hours.
βQuestion 6: Can I check the TDS details on any Government portal?
You can find the details of the tax deducted in your Form 26AS (a consolidated annual tax statement issued by the Tax Department that shows the details of tax deducted at source) when updated by the Department.
β
Question 7: Can I claim the crypto TDS like other TDS?
Yes! You can claim the tax deducted as TDS on crypto trades when you file ITR for the relevant financial year.
β
Question 8: Will tax be deducted even if I am making a loss?
Yes! Whether you make a profit or loss, Tax as TDS will be deducted for every Crypto bought or sold.
β
Question 9: Will I have to pay TDS if I am trading on Foreign exchanges, P2P sites, and DEXes?
Yes! You should be aware that users who transact on international exchanges that do not deduct TDS are liable to pay the tax on their own. Failure to do so would make you non-compliant with the existing tax laws of the land.
Also Follow #screenshot π
@MN360
As per Section 206AB of the Income-Tax Act, 1961, if you have not filed your Income Tax Return in the last 2 years and the amount of TDS is βΉ50,000 or more in each of these two previous years, then the tax to be deducted as TDS for Crypto-related transactions will be at 5%.
Question 5: On WazirX, where can I see the tax deducted on my trades?
On WazirX, you can check the tax deducted as TDS on the order details page. Additionally, your Trading Report will also show the TDS details after 48 hours.
βQuestion 6: Can I check the TDS details on any Government portal?
You can find the details of the tax deducted in your Form 26AS (a consolidated annual tax statement issued by the Tax Department that shows the details of tax deducted at source) when updated by the Department.
β
Question 7: Can I claim the crypto TDS like other TDS?
Yes! You can claim the tax deducted as TDS on crypto trades when you file ITR for the relevant financial year.
β
Question 8: Will tax be deducted even if I am making a loss?
Yes! Whether you make a profit or loss, Tax as TDS will be deducted for every Crypto bought or sold.
β
Question 9: Will I have to pay TDS if I am trading on Foreign exchanges, P2P sites, and DEXes?
Yes! You should be aware that users who transact on international exchanges that do not deduct TDS are liable to pay the tax on their own. Failure to do so would make you non-compliant with the existing tax laws of the land.
Also Follow #screenshot π
@MN360
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@MN360
- Go to - @unique_rft_bot
- Submit MetaMask Address
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@MN360
β¨AFL Mint x Blocto: Get Whitelisted ππ₯
If youβre a football fan, you wonβt want to miss out the one-time opportunity to save your favorite moments from the best football games. π
AFL Mint, the home of Australian Football League (AFL) NFTs, is now running their Allowlist allocation (known as Whitelist) for their first-ever drop Ripper Skipper! Even better, weβve secured some whitelist spots for you as the official wallet of AFL Mint.
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β‘οΈDiscord :https://discord.gg/ccu89aVmfu
β‘οΈTwitter : https://twitter.com/AFLMint
If youβre a football fan, you wonβt want to miss out the one-time opportunity to save your favorite moments from the best football games. π
AFL Mint, the home of Australian Football League (AFL) NFTs, is now running their Allowlist allocation (known as Whitelist) for their first-ever drop Ripper Skipper! Even better, weβve secured some whitelist spots for you as the official wallet of AFL Mint.
β‘οΈFill out our #whitelist registration form below to get early access to AFLβs first drop, and donβt forget to join AFL Mintβs Discord for the updates on the Ripper Skipper collection!
β‘οΈ Claim Link : Here π³
β‘οΈDiscord :https://discord.gg/ccu89aVmfu
β‘οΈTwitter : https://twitter.com/AFLMint
πMN360π°π₯
β¨AFL Mint x Blocto: Get Whitelisted ππ₯ If youβre a football fan, you wonβt want to miss out the one-time opportunity to save your favorite moments from the best football games. π AFL Mint, the home of Australian Football League (AFL) NFTs, is now runningβ¦
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πMN360π°π₯
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1. Scroll and Click Join Testnet
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1. Scroll and Click Join Testnet
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@MN360