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RE: Indian Income Tax Department Raids Bitcoin Exchanges in India—What Does It Mean For Bitcoin Users From India?

in #bitcoin7 years ago

Hi friend, I am little bit scared now. Can our government completely banned it from circulation. It's a decentralized currency so it became difficult for them. I want to ask if we aquare bellow 250000.we don't have to pay tax return. I don't understand what will happen in near future. Thanks for sharing such a valuable information. Friend don't you like to upvote my post any more? Without your help I am nothing here, so please if you don't mind please visit my too. By the way if we convert our money from bitcoin to Indian rupee, is it showing in our account that it is coming from bitcoin. Please share with me, Have a good night friend.

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No govt can ban or curb circulation of Bitcoin. Always good to file your returns as long as you have income irrespective of your income slab.