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RE: Making Sense of Indian Finance Minister's Statement in Parliament—Cryptocurrencies Aren't Banned In India!

in #bitcoin7 years ago

When you encash to Indian rupees, there is no clarity over what tax you should pay. Have you dealt with this ? I mean withdrawn the amount in INR ? And if yes, what kind of tax we need to pay ? Any insight on this would be really helpful.

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Right now in India, it is very difficult to cash out because major banks in India have stopped receiving transaction deposits from exchange platforms like bittrex and so forth.

https://qz.com/1174340/indias-bitcoin-exchanges-under-pressure-as-banks-choke-payments-and-withdrawals/

I don't think, its right, there are so many exchanges now in India, you can easily transact. I myself do. Only the tax aspects are not clear.

VERY NICE JOKE :ů) they starting to be like China :ů) there is a small issue with all of this...CRYPTO IS NOT POSSIBLE TO BAN...if me and you accepting it as currency :ů) so njoy
https://steemit.com/bitcoin/@mfg/blockchain-technology-in-near-future-deep-analize-of-humanity-fate-and-will-must-read-bitcoin-cryptotities-cryptokitties

#CRYPTOCARTOONS (bring in some fun in dip times) watch and like it on dtube

‘Shereen Bhan’ is the man :ů) hes got a suitable name for :)