You do something for free and then you start raging that the person whom you did it for should be expelled? Sounds logical? Roll Eyes
Its about time some of the bounty hunters understood that running after bounties is a waste of time now. If you want to get paid get a job or gain some skills and apply for jobs in real life.
Again merit sources are partial towards those who have been spamming the bounty sections. However we have many users who started as bounty hunters but became well known/well awarded with merits in the longer run. Why not strive to be someone like them?
Anger will not get you anywhere. But it is normal to be angry but this is a reminder that no payment that is worth enough money is ever promised for a project specially because the altcoin market is another pump and dump to larger scale and coin offering are non-legal securities - it is not even worth calling them securities at all.
You will not be getting any sympathy from other users here, rather more bashing that you should suck it up and move on. Sorry to say but it is true.

2 Only send money to the exchange account (Zebpay, WazirX, etc) when you plan to sell the coins. Don't hold coins earned from bounties, etc on Exchange account where you have done KYC.

Yesterday was big token unlock for Avalanche. 50kk tokens. So the Circulating Supply was like tripled. It's huge numbers. Now you can see AVAX in the top70 of CMC. But the most interesting thing - is that price didn't dumped much. The lowest price yesterday was 2.78$ and then pretty fast in returned on 3.3-3.4$. I think it shows the power of AVAX and that it really stable now. 

All incomes are taxable so you have to pay tax on airdrops and bounty campaigns earnings too. Most of the members who earn through these mediums are also involved in some sort of campaigning for projects like signature or social media campaigning. I have talked to several CAs in my fraternity about this and it is general practice that they treat clients' income from these sort as 'Professional Income'. Although, section 44ADA which is meant for professionals doesn't specifically consider this work as profession but the section mentions this line:

"Other professions mentioned by the Central Board of Direct Taxes"

And CBDT mentioned 'Advertising' (code: 16006) as one of the professional income. Although, CBDT doesn't specifically explained which type of advertising but it is safe to assume that anything you earn by promoting crypto project is sort of an advertising and you are kind of professional who possess special skills for which projects pay you. So, in my views 44ADA is the best way to report such earnings. You should club your bounty earnings alongside all other forum and crypto earnings (except trading profits) and report it as professional income. Check out my this thread to learn how professional income is treated: https://bitcointalk.org/index.php?topic=5206607.0

Alternatively, if your amount is not much (less than Rs. 50,000), you can report it as income from other sources (freelancing income) like @pawanjain said.

Just wanted to say thank you Komodo Team for staying active so many years!

Hello James,
Since you are not doing anything illegal, there is nothing to fear of. You are simply accepting a tech outsourcing project so taking payment in bitcoin shouldn't be the problem at all as long as you are paying tax on the income.

Since, you are receiving $6K per month, you will be covered both under income tax act as well as GST Act. Hence, you have to pay GST on services as well. Get GST number asap and deposit tax periodically after consulting with a CA.

I have a question for you, what is the legal status of your startup? Have you registered it as a company? If not, then you can't open corporate account on Zebpay or Giottus. Corporate accounts are only available for companies. If you have unregistered firm then it's better if you make an individual account on Zebpay (or any other exchange), sell your bitcoin proceeds on exchange, receive INR in your bank account, show INR receipts as your income, pay salaries out of your bank account, show salaries as your expense and pay income tax on net proceeds as business income.

And no need to worry about showing source of income. Just get a contract signed by you and the UK party detailing total project duration, total money receivable, fact that money will be received in bitcoin, etc.. Also regularly issue invoice to the UK Party. These all would be enough in case authorities inquire about your business.

I somewhat knew that these would be coming to us in future but didn't expect that fast! Read this,



Main news reference: https://economictimes.indiatimes.com/markets/stocks/news/indian-taxman-comes-sniffing-as-bitcoin-hits-an-all-time-high/articleshow/79533401.cms
2nd News reference: https://www.coindesk.com/india-plans-to-tax-income-from-bitcoin-investments-report

So government can legally ask the Indian crypto exchanges to share their user's data to understand who is making what kind of money and can demand as much as 30% tax from them. While it's not official yet, but it's not impossible! Do you have a KYC verified account with any Indian crypto exchanges and have withdrawn money in last few months? Prepare to hear from the tax authority!

Hello to all the Bitcointalkers!

Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.

There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.

Waiting for your replies
Lugdunex

Slowly but surely, the building of infrastructure is progressing under the weight of the crypto bear market. Prices cannot stay very low for long period of time especially a lot of work is being done underneath.

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