Crypto traders hit with hefty tax penalty as IT Dept cracks down on P2P transactions

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Over the past few weeks, many crypto investors received income tax notices for non-payment of taxes on peer-to-peer (P2P) trades through foreign exchanges. A Binance spokesperson told Moneycontrol that the exchange has been closely monitoring and reporting suspicious trades to FIU-Ind. Rakesh (name changed) had sold crypto tokens worth Rs 98,500 through peer-to-peer (P2P) transactions for about Rs 100,000 back in 2022, making a meagre profit of Rs 1,500 on this sale. He received the entire amount in his bank account and the transaction happened through a centralised exchange. A few weeks ago, he received a notice from the income tax department flagging his Rs 100,000 deposit. On producing screen shots of the P2P trade and the statement generated by the exchange as a proof, the official asked him to pay 78% or Rs 78,000 in fine on a Rs 1,500 profit. He is one of the 50 plus customers of crypto tax platform Koinx who got such IT notices over the past few weeks. Koinx founder Punit Agarwa...

Who Is In The ‘Ripley’ Cast? Meet The Stars Of The Netflix Thriller

 


Netflix’s new limited crime series Ripley is now streaming as of April 4. As you’re watching the suspenseful thriller, learn all about the Ripley cast, including who plays Tom Ripley, Marge Sherwood, Dickie Greenleaf, and more.

An adaptation of Patricia Highsmith’s novel “The Talented Mr. Ripley,” the eight-episode limited series was written, directed, and executive produced by Steve Zallian, the filmmaker behind The Irishman (2019) and The Night Of (2016). The director said that Highsmith’s 1955 book inspired him to utilize black-and-white cinematography throughout the project.

“When Patricia wrote it, if she imagined a movie being made from it back then, it would be in black and white,” he said during an early screening of the series in NYC, according to IndieWire. “The cover of that book that I had was in black-and-white, so as I was reading it, it was in my mind to be that way.”

Zallian continued, “I also felt that this story — the one that she told, the one that I wanted to tell — was quite sinister and quite dark. I just couldn’t imagine that taking place in a beautiful Italian setting with bright blue skies and colorful outfits and things like that.”

In Ripley, Andrew Scott plays the titular role as Tom Ripley, a con artist in New York City in the early ’60s. Tom’s life takes a dark turn when a rich business person hires him to travel to Italy to convince the man’s son, Dickie Greenleaf, to return to the U.S. Accepting the job leads Tom down a path of deceit, fraud, and murder.

In 1999, “The Talented Mr. Ripley” was brought to the big screen for the critically acclaimed film of the same name starring Matt Damon, Jude Law, and Gwyneth Paltrow.

Meet the main cast of Netflix’s Ripley below.

Andrew Scott As Tom Ripley

Andrew Scott stars as the Tom Ripley in Netflix’s Ripley. He portrays the struggling NYC con man who gets hired by a NYC business man to convince his son to return home from Italy. Steven Zaillian describes Ripley as “a petty criminal who feels he deserves better than his meager circumstances” to Netflix’s Tudum. The director also said that Scott “has the range to play the many personas of Ripley” for the role.

Scott is best known for his roles in the BBC series Sherlock, the second season of Fleabag, and the James Bond film Spectre. His most recent acclaimed project was the 2023 British movie, All of Us Strangers.

Dakota Fanning As Marge Sherwood

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