oh! bitstamp was down ? and is Up again Never knew :-/ Though it's good to see a exchange which came up good  They lost a few coins. Nothing to make them go under, though. |
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Credit for the above method: Blazr |
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I need a 0.1 btc loan will pay back 0.12
Reasons:I need to purchase something online
I will repay the loan in 7 days
address:1KjU6h6YvApJYYajSa2uRFkK35qDkSHP1H
I can give you this loan. I will need you to prove the account isn't hacked by signing the following message with this Bitcoin address: 19pLroeZ13YioqA7TXcv2di4QaK2nCa7zx "Today's date is January 26th 2015, and I am in control of the bitcointalk.org account validium. The account has not been sold or compromised." Instructions on how to do this here: http://blog.anonymousads.com/2014/03/new-feature-sign-in-with-your-bitcoin.htmlYou posted this Bitcoin address here: https://bitcointalk.org/index.php?topic=600446.msg6976073#msg6976073 I need you to sign this message to prove the account isn't hacked and you are the original owner. |
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as far as I know it is legal but can be taxed if u are earning income via bitcoin. the govnt so far hasnt made a firm stand on bitcoin , >.<
How can I pay my taxes in Bitcoin? Am sure that the Indian Govt has not yet asked or mentioned anything about this as yet. In fact, if they do, it would legitimize Bitcoin is a big way in India! I doubt if this would ever happen. Even though the government recognizes the USDs and EURs of the world, taxes still have to be paid in INR. So even if BTC gains legitimacy and is recognized, the government would still want taxes to be paid in INR. I think the ambiguity here is more for people who do not convert their BTC. What needs to be paid in that event? If you have got your BTC by providing some service, convert it to INR at the prevailing exchange rate and report it under Income from Other sources. Let us say you earn 1 BTC, you would report income of INR 20,000. If you decide to convert this BTC into INR at a later point of time, when the exchange rate is INR 18,000, you would be able to claim a capital loss of INR 2,000. When in doubt while dealing with BTC, think of it as a 2 step process. When you get BTC - Step 1) You receive INR. Step 2) You convert INR into BTC at the prevailing exchange rate. |
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as far as I know it is legal but can be taxed if u are earning income via bitcoin. the govnt so far hasnt made a firm stand on bitcoin , >.<
How can I pay my taxes in Bitcoin? Am sure that the Indian Govt has not yet asked or mentioned anything about this as yet. In fact, if they do, it would legitimize Bitcoin is a big way in India! I doubt if this would ever happen. Even though the government recognizes the USDs and EURs of the world, taxes still have to be paid in INR. So even if BTC gains legitimacy and is recognized, the government would still want taxes to be paid in INR. |
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How do I account for mining, faucets & tips from others?
Technically, they would be income from other sources. Also if i make any gains on altcoins how to represent that?
By gains, do you mean profit on conversion to ruppees? If yes, capital gains tax would be applicable. Is there any limit on capital gains tax? like you dont owe income tax for income upto INR 2lakh.
There is no limit on capital gains. Of course, you can still set off against capital losses. |
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PM Received. Transaction finalized. Hello! Thanks a bunch for the loan I really appreciate it!
my address is:
1ChEEZyXqpqitVc7rHSyEGeYdT5yPmpYu2
Will pay back 0.25 by Sunday February 8th!
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Hello. I'm looking for someone to loan me 0.2 btc. I'll be able to pay it back when I get my next direct deposit from work. Reason for loan: I just wanna play cards Collateral: unfortunately none. Check my trust rating. Pm me or post here with questions/comments/advice. I will be interested in doing it. Let me know the deposit address. |
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I recently turned senior, but still a newbie at heart.  |
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Really? Bitcoins? I mean how many people use bitcoins in India?A lakh? And how many people who use bitcoins hold 8btc? And out of those who hold 8btc how many are stupid enough to make a Trojan enter their system? And out of those who have infected systems, how many of them have important files? And those who have important files, how many will be willing to pay 8BTC?
I mean this Trojan is useless.
I don't think that this Trojan targeted the Indian subcontinent. It just happens that most people who got infected are Indians.  |
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I had someone contact me last month who knew nothing of bitcoins for a similar case. He was lucky though. They only wanted INR 9000 equivalent.
I guess there are multiple ransomware doing the rounds. Best to keep a back up of important files. |
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Dashing and Dashingriddler are different people.
Inspite new users get added to india subforum, the old ones are becoming inactive - dont know why.
What are the old ones upto? - I hope they are not mining bitcoins secretly haha
Skang responded with a LONG explanation about what he was upto, secretly building his super website of something, poor guy had his response removed due to the disk crash. Yup, he was trying to find a real need (definitely not exchanges) of people which Bitcoin could serve. |
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A newbie with his first post and attempted link in his signature. |
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Since we are supposed to pay tax when price rises and we make a profit, wonder if I can write to the IT department asking for a donation since I lost due to the price crash  If you have a cash loss, you can claim a capital loss and offset it against capital gains. |
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