All of a sudden, I have started getting many requests for information on Cryptocurrency (BitCoins and others)
आप आजकल बिट्टकॉएन या बिटकॉइन के बारे में पढ़ रहे होंगे। हम आपको यह सब डिटेल्स शेयर कर रहे हैं:
Well, it has become a rage now. The IT guys are exploring this cryptocurrency as it uses the Blockchain technology. People in the share market,real estate and film industry have started using it as a new investment destination.The internet is full of information about it. Recently the government in India said that they will consider the income from Bitcoin as Capital Gain. Paying capital tax gain is fine but when your IT return comes into scrutinity, the Income Tax department will scrutinize every minor detail of your source of income and pattern of expenditure. Then it becomes time-consuming and Cumbersome. Some countries are planning to ban it. Recently the value of Bitcoin reduced by 20%. Be careful in your investment for bitcoin. Follow the Income tax rules and compliance. You should not invest just because celebrities and business man are investing. They can hire a good CA and Lawyer to save their taxes but a common man will continue to pay tax.So be careful in your investment decision.
Known persons in Bangalore have multiplied their investment by 10 times within 2 months. But now the price of crypto currency has surged. Some websites are not taking registrations and other websites are crashing due to many users.
They have invested in Bitcoin, Ethereum, Ripple, Tron
Many startups in Bitcoin are not able to operate in India due to regulations listed by the government of India. There is a lack of clarity on terms of business. China has stopped Bitcoin trading and India is moving cautiously in this domain.
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