India Tax Authorities Warn Crypto Transactions Strain Enforcement Systems
- Enforcement Challenges: Indian tax authorities warn that cryptocurrency transactions are straining existing enforcement capabilities, particularly as offshore exchanges and private wallets limit tax transparency, complicating income tracking.
- Tax Structure Issues: India currently imposes a flat 30% tax on crypto gains and a 1% tax deducted at source on every transfer, but this framework does not allow losses to offset gains, which market participants argue discourages compliance.
- Cross-Border Transaction Complexity: Crypto transactions often span multiple jurisdictions, making asset tracing and ownership identification extremely complex, while limited international information sharing further slows transaction reconstruction, undermining accurate income assessments.
- Market Participation and Compliance Costs: Although India permits crypto trading and has approved 49 exchanges, high compliance costs remain a significant challenge for industry participants, with leaders calling for a fairer tax structure to promote market growth.
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Technical Analysis for EPT
Technical Sentiment Analysis for Balance (EPT) As of , Balance (EPT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EPT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, EPT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Balance (EPT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.000368 | 0.000098 | 0.000436 | 0.000902 | 0.00124 | 0.00171 | 0.00204 |
| Fibonacci | 0.000098 | 0.000405 | 0.000595 | 0.000902 | 0.00121 | 0.0014 | 0.00171 |
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