That would be amazing if bitcoin gets legal in India . I read the news and there is a huge potential that bitcoin might get legal in India . India is one of the most active users of Bitcoin and legalizing it is much needed . That would make everything so simple and less tactic . There will be no fear of " how to handle bitcoin " and how to declare the source of money . But there s a huge possiblity that they impose taxes on the transactions or on the money you earn from bitcoin.