Post
Topic
Board Bitcoin Discussion
Re: What do you think are the biggest disadvantages of Bitcoin?
by
ashour
on 01/05/2017, 18:32:32 UTC
For me, the most pressing issue is the lack of government recognition and vagueness of the tax implementations. I am living in a third world country, and here none of the guys in the income tax department have ever heard about Bitcoin. I don't know how much tax I need to pay.

I think you should consult some good chartered accountant as he will be surely aware about bitcoins and he will guide you in the best possible way and will let you know how much tax you have to pay depending on the income that you have in bitcoins.