You wake up one day to read newspaper headlines
" India legalizes bitcoin , follows path of Japan and United States"
India legalizes bitcoin and treats it as a commodity and since it is difficult to prove weather the gains are long term or short term , it will be taxed at 10-15% flat.
Those who trade in cryptos shall have to pay income tax with their as per their respective slabs.
Banks start to offer crypto services, you can just log into netbanking and start to buy bitcoin or other cryptos and sell them for INR. But a disclaimer should be dispayed sating that cryptos are very volatile and risky and hence users should know what they are getting into.
what a great world to live in.
I somehow believe Modiji sarkar will make this dream come true, what is Digital India without digital currency.
I am tired of taking such dreams and tired of hoping that they would become reality. But the continuous warnings by our government makes me awake and I realize that there is no way that India could satisfactorily legalize it. It has alot of questions regarding cryptocurrencies. I even saw and read an article in news paper where they compared bitcoin with paytm and mobikwik thats quite weird. " India legalizes bitcoin , follows path of Japan and United States"
India legalizes bitcoin and treats it as a commodity and since it is difficult to prove weather the gains are long term or short term , it will be taxed at 10-15% flat.
Those who trade in cryptos shall have to pay income tax with their as per their respective slabs.
Banks start to offer crypto services, you can just log into netbanking and start to buy bitcoin or other cryptos and sell them for INR. But a disclaimer should be dispayed sating that cryptos are very volatile and risky and hence users should know what they are getting into.
what a great world to live in.
I somehow believe Modiji sarkar will make this dream come true, what is Digital India without digital currency.
