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Bitcoin Discussion
Re: Bitcoin holders being taxed in India
by
Sama517
on
03/11/2018, 18:27:24 UTC
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
What is really up with India and cryptocurrency? Sometimes, you will hear that the government have banned cryptocurrency, at other times, they relax the ban, now tax. I think they should just allow crypto to flow freely.