Topic: People pay your Taxes (Read 82772 times)

Lawyer will pay in bitcoin also 

hum, i am not eligable to paid tax

Is the INR record really needed in the future, maybe I should dig a trash can at a certain bank to see my transaction back, if there is such a tax rule.

I really regret the tax imposed by the current government on crypto users in india.

Primary Way Would be via Centralized Exchange : Binance, Coinbase, FTX [Do you think these exchanges give a shit about our privacy once government comes knocking their door? absolutely not] One you have done KYC on Any Exchange Every Transaction you did in past and every transaction you do in future can be traced back to you.

Other ways they can easily track you is if
- You have Deposited money to CEX via IMPS.
- Frequently Used Trading App via 3G/4G or Broadband
- Done SMS verification using mobile number that is registered on your name.

Probably many other ways these are just some examples.

Based on this i owe zero tax, because it doesn't have calculator for trading. I made net loss in trading in 2022 and 2021, if i file tax for net loss i get a target on my back, if i don't file tax i get target on my back for not reporting crypto holding  my funds were on binance kyc wallet now in private wallet. 2019-2022 my earning was in crypto less than 2.5 Lac per year.

For Riots, To hire idiots who put ban on Everything, To Pay officials who will terrorize innocent civilians, to pay officers who will protect the crooks at top level.

[/quote]

Thats  ckz  the  media has  sold out. and its  alos  the same with  western  media  companies ,  with "News Corp", owning some  of  the largest  news  outlets  in the world. they control what goes in and  what comes  out.  most of the  media  companies have heir affiliation to  political parties, making news a hard thing to  be provided without bias,


[/quote]

That's because the political parties have their own TV channels so they can control it all based on their needs.

Following two threads discuss taxation of Crypto in depth. Feel free to participate.

i. https://bitcointalksearch.org/topic/taxability-of-bitcoin-a-deeper-look-5142949

ii. https://bitcointalksearch.org/topic/solutions-on-how-to-file-tax-returns-on-bitcoin-income-5145589

Make sure not to spam this logicaltax link everywhere. This might get you banned. Rather have it in your signature space.

Can anyone confirm this?

I think only high value transaction matters.

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

 
Thanks for your this advice, looking forward to pay all taxes on time and to keep all the records,Also thanks for making it easy to understand,

yes i am already recorded

Has Any one filed IT based on the Income from BTC?? I don't think so.. I feel GOI doesn't even have a mechanism to figure out the transactions of BTC with Banking system.  So i seriously don't feel that people will go ahead and do it.  Please throw some light on how any Govt can track it?

That is unrelated to India. This thread is specifically posted in Indian section for a reason.

Metabello, that is the guy on my Instagram, he has a big Money Laundering case for Bitcoin
https://bitcoinmagazine.com/articles/bitcoiner-faces-charges-after-selling-btc-undercover-cop/

yeah, I have been into Cryptocurrencies since like 2012, and I have been studying some legal stuff, so I always like to look at the cases and everything around this, and throughout all of it it has seemed so far that the best way to compare it is with digital currencies from video games, because you can actually go sell gold from video games

then from there you can start thinking of it for what it is, lines of code, comparable to a composed piece of music, which the creator (developer) has given all of us for free, so we did not have to pay him for it, and the fact that we are paying each other for it is, again, comparable to video game gold, so that is where the law really is so far, except for a few little things like the IRS claims that it is taxed on Capital Gains, but the IRS has never taken anyone to court for it

and the general law with taxes, regardless of its attachment to cryptocurrency, is that if you don't BELIEVE you have to pay taxes, and that belief is not based on some Constitutional theory, such as that the Tax Amendment was not properly ratified in the States, then you don't have to pay taxes. So as long as you can HONESTLY tell a Judge "I thought it was like a line of Code or a Lyric of Music, created by someone" then you don't have to pay taxes, and that is really where the law is right now anyways, the IRS is getting ahead of themselves

Stop quoting your own posts. It is considered spamming. People hate you more and it actually prevents people from visiting your site.

@Tokenista  Wow fam, you really seem to have been deep into it! Some nice references there!

https://coinlaunch.market/

https://www.wandx.co/

https://www.blockex.com/

https://cointopia.com/

https://coinlist.co/

https://republic.co/crypto

https://www.tokensoft.io/

https://ico.indiegogo.com/

https://www.youtube.com/watch?v=JHrQ3l2tT78

https://www.youtube.com/watch?v=qM0KkdQPyZw

https://eidoo.io/ico-engine/