Topic: Legal Advise (Read 1213 times)
Then I need to look into the business model and then I can advice properly.
Accepting bitcoins from international market may have the following points of consideration-:
1. Purpose of use of donation amount. Like for which foundation or reason it will be used. If you dont use it for donation purpose then its a scam and criminal sections get invoked
2. How much donations per person is allowed. United States at time of election also started accepting bitcoin as donation but it was limited to $100
3. The company asking for donation should be a non-profit organization.
4. Now the acceptance of bitcoin from NRI may have the impact under RBI guidlines. As you have termed it as donation it means it is a kind of consideration you are asking for and as of now it is not deemed as currency, then it can be import of software codes which will have its own implicattions.
5. If you term it as donation then your books can be scrutinised by department because you cannot use it for other purpose.
6. Certain other aspects which need to be seen after studying the donation model and NPO behind it
So my friend you need to see that are you really asking for donation purpose or trying to fill your wallet under donation scheme
1. Purpose of use of donation amount. Like for which foundation or reason it will be used. If you dont use it for donation purpose then its a scam and criminal sections get invoked
2. How much donations per person is allowed. United States at time of election also started accepting bitcoin as donation but it was limited to $100
3. The company asking for donation should be a non-profit organization.
4. Now the acceptance of bitcoin from NRI may have the impact under RBI guidlines. As you have termed it as donation it means it is a kind of consideration you are asking for and as of now it is not deemed as currency, then it can be import of software codes which will have its own implicattions.
5. If you term it as donation then your books can be scrutinised by department because you cannot use it for other purpose.
6. Certain other aspects which need to be seen after studying the donation model and NPO behind it
So my friend you need to see that are you really asking for donation purpose or trying to fill your wallet under donation scheme
Since we are discussing on this topic, if the entity taking donation is not NGO and suppose someone who has developed a free bitcoin application and is accepting bitcoin donations from the users. How do these points apply then?
Accepting bitcoins from international market may have the following points of consideration-:
1. Purpose of use of donation amount. Like for which foundation or reason it will be used. If you dont use it for donation purpose then its a scam and criminal sections get invoked
2. How much donations per person is allowed. United States at time of election also started accepting bitcoin as donation but it was limited to $100
3. The company asking for donation should be a non-profit organization.
4. Now the acceptance of bitcoin from NRI may have the impact under RBI guidlines. As you have termed it as donation it means it is a kind of consideration you are asking for and as of now it is not deemed as currency, then it can be import of software codes which will have its own implicattions.
5. If you term it as donation then your books can be scrutinised by department because you cannot use it for other purpose.
6. Certain other aspects which need to be seen after studying the donation model and NPO behind it
So my friend you need to see that are you really asking for donation purpose or trying to fill your wallet under donation scheme
1. Purpose of use of donation amount. Like for which foundation or reason it will be used. If you dont use it for donation purpose then its a scam and criminal sections get invoked
2. How much donations per person is allowed. United States at time of election also started accepting bitcoin as donation but it was limited to $100
3. The company asking for donation should be a non-profit organization.
4. Now the acceptance of bitcoin from NRI may have the impact under RBI guidlines. As you have termed it as donation it means it is a kind of consideration you are asking for and as of now it is not deemed as currency, then it can be import of software codes which will have its own implicattions.
5. If you term it as donation then your books can be scrutinised by department because you cannot use it for other purpose.
6. Certain other aspects which need to be seen after studying the donation model and NPO behind it
So my friend you need to see that are you really asking for donation purpose or trying to fill your wallet under donation scheme
Great advice man. +1
Accepting bitcoins from international market may have the following points of consideration-:
1. Purpose of use of donation amount. Like for which foundation or reason it will be used. If you dont use it for donation purpose then its a scam and criminal sections get invoked
2. How much donations per person is allowed. United States at time of election also started accepting bitcoin as donation but it was limited to $100
3. The company asking for donation should be a non-profit organization.
4. Now the acceptance of bitcoin from NRI may have the impact under RBI guidlines. As you have termed it as donation it means it is a kind of consideration you are asking for and as of now it is not deemed as currency, then it can be import of software codes which will have its own implicattions.
5. If you term it as donation then your books can be scrutinised by department because you cannot use it for other purpose.
6. Certain other aspects which need to be seen after studying the donation model and NPO behind it
So my friend you need to see that are you really asking for donation purpose or trying to fill your wallet under donation scheme
1. Purpose of use of donation amount. Like for which foundation or reason it will be used. If you dont use it for donation purpose then its a scam and criminal sections get invoked
2. How much donations per person is allowed. United States at time of election also started accepting bitcoin as donation but it was limited to $100
3. The company asking for donation should be a non-profit organization.
4. Now the acceptance of bitcoin from NRI may have the impact under RBI guidlines. As you have termed it as donation it means it is a kind of consideration you are asking for and as of now it is not deemed as currency, then it can be import of software codes which will have its own implicattions.
5. If you term it as donation then your books can be scrutinised by department because you cannot use it for other purpose.
6. Certain other aspects which need to be seen after studying the donation model and NPO behind it
So my friend you need to see that are you really asking for donation purpose or trying to fill your wallet under donation scheme
Mr. Kanishk
Is it legal to accept donations via bitcoins Internationally in India?
Is it legal to accept donations via bitcoins Internationally in India?
This list may help you out
https://bitcointalksearch.org/topic/bitcoin-based-businessesservices-list-india-369278
[/quote]
Thanx subvolatil
Will be glad if I could be of assistance. I am the founder of legal firm by the name of CriTaxCorp which deals into Criminal-Taxation-Corporate. My firm is already providing legal services to one of the bitcoin exchange in india i.e. millibits.
you may also visit my website www.critaxcorp.com
Rest if you would like to connect you may PM me or contact me at my details below. Lastly, we also provide our services which can be paid in bitcoin.
Regards
--
Kanishk Agarwal
Advocate
CriTaxCorp
Criminal-Taxation-Corporate
www.critaxcorp.com
+919971666252
+919999966252
you may also visit my website www.critaxcorp.com
Rest if you would like to connect you may PM me or contact me at my details below. Lastly, we also provide our services which can be paid in bitcoin.
Regards
--
Kanishk Agarwal
Advocate
CriTaxCorp
Criminal-Taxation-Corporate
www.critaxcorp.com
+919971666252
+919999966252
Try Mr Vijayashankar aka Naavi
Has been associated with crypto law in India since the beginning
Benson the mod should be able to spot you with his coordinates
Has been associated with crypto law in India since the beginning
Benson the mod should be able to spot you with his coordinates
Though Naavi is a knowledgeable person in cyber law, he probably does not hold a law degree. So chances are that, he may not be able to represent u at court, if required.
Yep, he has confirmed this himself to us.
Try Mr Vijayashankar aka Naavi
Has been associated with crypto law in India since the beginning
Benson the mod should be able to spot you with his coordinates
Has been associated with crypto law in India since the beginning
Benson the mod should be able to spot you with his coordinates
Though Naavi is a knowledgeable person in cyber law, he probably does not hold a law degree. So chances are that, he may not be able to represent u at court, if required.
Try Mr Vijayashankar aka Naavi
Has been associated with crypto law in India since the beginning
Benson the mod should be able to spot you with his coordinates
Has been associated with crypto law in India since the beginning
Benson the mod should be able to spot you with his coordinates
As someone from Europe who is willing to invest into the growth of cryptocurrencies in India. I am looking for legal advise on Bitcoin in India.
This list may help you out
https://bitcointalksearch.org/topic/bitcoin-based-businessesservices-list-india-369278
As someone from Europe who is willing to invest into the growth of cryptocurrencies in India. I am looking for legal advise on Bitcoin in India.
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