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Has this loan been filled?
If it is still open, I would be interested in filling it.
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the only way bitcoin really helped int his case, was because it can used to make international transfers. one could as well used cash if it were inside India.
i think it is reasonable for the govt. to know who is using bitcoins after all. just because they know who is using it, doesn't mean everyone has done something wrong. i really don't see what is wrong in using bitcoins if not used for illegal purposes. of course, paying taxes is something everyone should take care of.
The problem was not with bitcoins. The problem was with the source of cash used to buy bitcoins - they were obtained illegally. The question is whether Pankaj knew that the cash was obtained through illegal means. The police believe he knew. |
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I have a problem in explaining bitcoin to people in Hindi.I dont know the Hindi equivalent of many words like cryptocurruncy,peer to peer etc I was wondering is there a easy way to explain Bitcoin to someone layman who doesn't understand English?
Sometimes, it is better to retain the original English technical words, rather than inventing something in Hindi as its translation. No point in reinventing the wheel.  |
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Flux Party seeks to be the bitcoin of Australian politicshttp://www.firstpost.com/world/flux-party-seeks-to-be-the-bitcoin-of-australian-politics-reuters-2629524.htmlA new Australian political party is using the virtual currency bitcoin as a model to replace what they say is an outdated political system - representative democracy - with a streamlined new polity for the information age.
The Flux Party says its goal is to elect six senators. They will propose no policies and will not follow their consciences, but will support or block legislation at the direction of their members, who can swap or trade their votes on every bill online.
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Do i have to pay taxes only when i convert the BTC to INR, or do i have to pay taxes even for holding BTC, if yes, at what rate (since it fluctuates so much)?
My understanding is that you have to pay tax when you get BTC in exchange for goods/services (not buy BTC) or when you sell BTC for a profit. You do not have to pay taxes for holding BTC. |
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If govt is not asking tax for btc then why to pay... However already they inposed a lot of tax and doin nothing withthat money other tahn adding it to their bank balances...
Thats right.How can we pay tax on something which is not taxable or which doesn't exist for government? If Govt. wants to impose tax on income generated by bitcoin,it should first give bitcoin its due recognition Government imposes taxes on any income generated. It is always better to follow the law. If you generate capital gains by selling bitcoins, better to pay tax on that. |
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But not every one is a part time worker or a student. and many do have bitcoin transactions over 2 lakh. They, need to keep records and pay tax properly.
Ah well fuck indian gov i'm not going to pay any tax. Can this get Pankaj into further troubles? Also, I don't know why mods deleted the above post of escrow.ms from the "Pay your tax" thread. Any answer for this Benson? Well, if it was deleted after you quoted it, it must have been done by a global mod. Escrow.ms hasn't been online since 7-Feb-16. His current problems relate more to money laundering than to tax evasion. |
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Who the hell is this Ashish Sharma and what is his problem with Bitcoin? I thought Business Standard knew better than to publish such trash.  |
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Billionaire by stealthhttp://www.business-standard.com/article/beyond-business/billionaire-by-stealth-116021201232_1.html
A community has sprung up around bitcoin, a type of digital currency. This community is, quite possibly, the worst collection of people I have seen on the internet, a sickening combination of 4chan, Reddit and Deep Web users. I call them bitcoin billionaires, because their alleged wealth has been brought about by bitcoin, a currency coded by a mysterious programmer under the false name of Satoshi Nakamoto - a currency that might just turn out to be a digital hoax if Nakamoto decides to pull the plug on it, thereby reducing these alleged billionaires to their grandmothers' basements once more.
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So, there is nothing to panic. Just stay away from cash trades.
I don't think there is anything wrong in cash trades per se. For small transactions (<1 BTC), cash would be the most convenient form of transfer. Is anybody aware of a threshold amount above which cash trades are illegal? 20k or 50k and it depends on type of transaction and invoice being raised etc I guess. But I don't think you can call the trade to be illegal if it is of more amount though.. According to this article, measures are being contemplated to make PAN card disclosure required for cash transactions beyond a particular level. http://www.dnaindia.com/money/report-pan-card-may-become-mandatory-for-cash-transactions-beyond-certain-limit-fm-arun-jaitley-2131680 |
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I find it fun to gamble on cricket.
But I stopped there because I think there is match fixing is used. So I stopped over to soccer.
Where there is money involved, attempts are made to influence results. We hear about fixing even in tennis now a days. |
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So, there is nothing to panic. Just stay away from cash trades.
I don't think there is anything wrong in cash trades per se. For small transactions (<1 BTC), cash would be the most convenient form of transfer. Is anybody aware of a threshold amount above which cash trades are illegal? |
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