Post
Topic
Board Bitcoin Discussion
Re: Bitcoin holders being taxed in India
by
Gheka
on 21/01/2019, 12:06:50 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
In the near future, every government should do a cryptocurrency tax. Because it is profit.
I don't like the government doing tax issues around bitcoin and crypto because they do not bring us any benefits or safety, typically as many fraudulent projects and cause a lot of damage to investors, the government still has no reasonable resolution, many investors still receive no compensation and now if the government wants them to pay taxes, this will really be a big controversial issue. The near future or the distant future, tax with bitcon or crypto will still not be accepted by the holder, the news in India is probably fake because the government is still unable to manage the bitcoin system, they can not know the holders