I am also an Indian. It seems there is very good future of Bitcoin in India. At this time government take 30 percent tax on Bitcoin. I think government should reduce their taxes on Bitcoins
30% in capital gains or direct bitcoin payments?
reply
30% direct Bitcoin payments .
reply
Insane! How do they manage to control that? Do they just rely on people's obedience?
reply
They can't control it. Most of the people have adopted P2P route.
reply
Whenever somebody withdraws in fucking fiat, they put 1% TDS along with 30% tax on profits.
reply