Quote from: debotify on May 04, 2019, 09:51:01 PM

Quote from: subvolatil on May 23, 2013, 02:40:04 AM

Hi ,
as i have noticed, that many have now started actively purchasing and selling Bitcoins using your bank accounts. so now i will strongly advise, you to keep records of all transactions occurring in INR , weather it is in cash or online. These are necessary when you file in your returns next year,and the amount you pay for tax. Remember all bank transactions will always go through the RBI before arriving to the destination account so all records are kept. and Tax envision is a serious crime. So please do follow the practice of proper tax payment.

I want all of you to please follow the practice of paying your taxes and following the Tax laws properly. this atleast, will ensure that our little community is law abiding and working towards the progress of a free and decentralized community .

holycrap. all bank transactions do not go through RBI. RBI does not care. Government maintains database of high value transactions (>Rs10 lakh). Please do not spread false information.

#HailSatoshi

Can anyone confirm this?

I think only high value transaction matters.