Yes, it's the time that the TX received its first confirmation.

Its simple you can use the txid of your transaction on blockhain explorer then you can find information about which block the TX was included and at what time too under timestamp.

Firstly, you need to pay capital gains only when you sell BTC to fiat so if you are simply holding 50K worth of cryptos then you no need to pay any taxes for that.

And about the question you asked, Gains are added to your income. Therefore, the income tax slab rate is applicable and if your annual income is below 250K INR then you don't need to pay any taxes at all (correct me if I am wrong guys).

As per your statement your annual income is 150K INR annually which means 12,500 INR per month which means you will be exempted to pay any taxes at all.

Please refer to this thread [GUIDE] How Bitcoin and Cryptocurrencies are taxed in India? created by webtricks for further information.

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Every Individual who has the turn around over 50 lacs or above will be under the radar of Income tax so it's more risky to be honest but if they have enough business to cover the incoming transactions from crypto then they can get away.

And how much your friend actually paid as tax because recently India passed 28% as tax-deductible from overall winnings, so your friend supposed to pay for the winnings which is 49,99,000INR and 28% of it is around 14,000,000INR.

https://electrum.org/#community

GitHub : https://github.com/spesmilo/electrum

Public key hash is nothing but the shorter version of public key.

In cryptocurrency we can call public key hash as crypto address which we usually send funds to whereas public key is a cryptographic key that is used for encrypting data and only the private key associated with that public key can be used to decrypt it.

Are you sure that you entered into their official website?

Because when I visited their official link which is : https://www.huobi.com/en-us/ I don't find any such telegram links like you shown in the screenshot so possibly you ended into a clone of Huobi aka HTX while searching the name on Google.

Always bookmark the official links, never trust the results appear on Google search.

You will achieve the less fee if the sender and receiver use Segwit address or P2TR.

But what matters most is number of inputs from which kind of address (higher if it's legacy, lesser of it's Segwit or Taproot) and number of outputs.

Something is better than nothing bro.

But you said P2P exchange right so it means we also need another party who is willing to buy/sell for the same pair which I don't know possible because we already have Bisq supporting INR but there you can see almost zero liquidity so I don't really know whether the P2P you are saying will be succeed, but anyway good luck.

As @Stedsm said doing P2P trades outside the exchange can cut 1% TDS and can stay away from 30% capital gains but it only works for small amount even if it's current account cause we need to submit the reports for income tax and we can't hide big trace without getting caught.

Good to see you guys, hope you will keep engaged in our local board discussion too here after cause I see some old members came back into discussions after a while.

There is a limit for number of characters allowed in a post irrespective of rank that is why you can't able to post in one post so all you can do is to cut them in two or more part whichever is required to post the translation.

If someone is able to take away your bitcoins just by knowing your public keys or bitcoin address then bitcoin will be a utter failure in no time so your friend/relative has no idea about that.

But talking about privacy anyone who knows your Bitcoin address can track your wallet balance which you may not like it and if someone close to you got that information then it might get uncomfortable for you.

The number of address doesn't matter, all that matters is number of UTXO is enough to spend the amount your going to send to the destination address.

You can choose electrum which is available on both PC and mobile platforms and comes with coin control feature so you can use the one address forever if you want.

Avoid creating multiple topics for the same question, just stick with the one you created already.

Even though it is bad, but RBI has no choice other than regulating the crypto market if that is what government want and most likely that is the possibility if I am not wrong. But yeah, crypto regulations should not fall under RBI or else they will not allow it to grow and will restrict people in any possible way. Thanks for the opinion though, which acts as an eye-opener for me regarding this kind of approach.

The block is mined by ViaBTC pool and its a known fact that ViaBTC offers free bitcoin transaction accelerator and paid one too so probably one of the TX with low fee was included in that block.

Usually miners prefer the TX with higher fees but it doesn't mean it's always in that way.

KVB isn't a nationalized bank as far as I know, but it's a private bank with 100+ years successful track record.

Every bank has charges even SBI too, but private sector literally charges for everything and RBI allows it this is unacceptable when government want all our transaction to happen via digital mode.

Talking about SBI, I had bitter experience using their account and approaching the branch, so it's been years since I touched my SBI account so it forces us to use these private sector banks such as ICICI, Axis, HDFC, and others for better user experience.

Even most of the bank employees are not aware of these misc fees, to confirm the fee I have been transferred to multiple people when contacting their support.

Always keep tracking your monthly bank statements.

If your account is salary account, there will not be any fees but for savings account there is, and they bury it under Folio Charge, so mostly we won't see it until we notice it. I can't find the folio charge in most of the banks but I found on KVB fee structure also confirmed with my bank manager.

The total number of debit transactions permitted in all such accounts put together will be limited to 90 per half-year. When number of transactions is more than the maximum stipulated, a service charge of Rs. 2.25/- (inclusive of GST) will be levied for each transaction in excess of 90 transactions.

Account Related Charges | Service Charges and Fees | KVB

So every UPI payment will be considered as debit and different bank has different limits which varies, that is why it is important to mix up bank accounts while using savings accounts for all our UPI TXs.

Now there are some new regulations are coming up, related to limiting number of UPI TXs per day which is 20 transactions but the number differs from one to another banks.

But I have an interesting detail for you, banks like HDFC, AXIS charges you flat fee of Rs2.5 for every UPI TXs after reaching certain number of UPI Transactions per quarter and the limit is between 100 and 200 not quite sure the exact figure, but its hidden charges levied by private banks on UPI TXs too and dropping this in case if you are now aware of it.

when I was reading an article from cointelegraph : India working on 5-point crypto legislation as ban is ruled out

Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian central bank, RBI.

Talking about the five-point framework, Sogani noted that the government is focusing on:

1.Setting up advanced Know Your Customer (KYC) for crypto companies, which covers the Foreign Account Tax Compliance Act and existing Anti-Money Laundering standards.

2.Crypto platforms would be required to release proof-of-reserve audits on a real-time basis to regulators.

3.A uniform taxation policy across the nations.

4.Crypto exchanges could gain the same status as authorized dealers (similar to banks) under the guidelines of the Reserve Bank of India (RBI).

5.Key positions may be mandatory, such as Money Laundering Reporting Officer for crypto platforms.
Sogani noted that the world has realized that banning crypto is futile and that several nations are moving toward a regulatory approach rather than a blanket ban.

Just another speculation post G20 summit, but it seems something positive cause its more visible that the ban is ruled out so governments are now trying to adapt to the policies that will regulate the crypto assets further rather than just vague 30% capital gains and especially exchanges will attain the status similar to banks caught me.

Already we have a thread regarding this transaction, so you can find relevant answers there.
Ouch, today someone made a transaction with over $500k fee.

1. It appears to be a legitimate mistake not trying to launder the money via mining which is mostly the other possibility.

2. Yes, miners can return the excess fee if they wish and it happened on very few occasions.

I saw that thread too but with very little activity, I am not sure if we have a chance to stand with, especially among the Nigerian friends who congested the whole thread with tons of submissions.