Post
Topic
Board Bitcoin Discussion
Re: Bitcoin holders being taxed in India
by
TheGodFather
on 02/11/2018, 12:14:51 UTC
Now in India, profit from bitcoin trading will be heavily taxed. Notice for ₹ 0.1 M tax to be paid has been issued to bitcoin holders in India.

Source:
http://www.timesnownews.com/business-economy/economy/article/india-income-tax-department-cryptocurrency-bitcoin-investors-worry-over-1-lakh-it-notices/196379

That means to say, their government is managing the Bitcoins inside India. They are counting it as a money already. In the near futurre, India will now open their payment methods thru cryptocurrency since government is supporting it. Additionally, more and more bitcoin investors will start to invest on bitcoin because the price of bitcoin is tangible.