Re: Bitcoin holders being taxed in India

Quote from: aditya6997 on February 07, 2018, 07:27:30 AM

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

I wonder what are the things that are not being taxed in India. Government collect tax on everything and then spend those on doing his unnecessary works.