"A Bitcoin can at best be described as a private currency, rather than a security or a commodity. If the seller is a regular trader the income would be business income, else it would be in the nature of capital gains," says Nishith Desai, international tax expert. Authorities in Canada have issued a similar guideline. Capital gain is the difference between the sale proceeds minus the cost of acquisition. Courts have held that if the cost of acquisition cannot be determined no capital gains arise.
"The Income Tax Act has carved out exceptions, holding that the cost of acquisition will be nil in cases of certain assets like goodwill or trademarks. In such cases, the entire sale proceeds attract capital gains tax levy. This exception doesn't cover Bitcoins," adds Desai. Thus in some instances, the investor could enjoy tax-free income. But for those who have mined Bitcoins, even if the cost cannot be easily determined, it is likely that income on sale will be treated by the authorities as taxable business income. http://articles.timesofindia.indiatimes.com/2013-12-15/internet/45215410_1_mtgox-bitcoin-transactions-currencythough capital gains tax can be imposed for the sale of BTC in India, i don't think it covers for the sale abroad or at exchanges in other countries. For example if u sell your BTC in MTGox and transfer those funds into your Indian bank account it can either be considered as 1) income from a forex trade(if the Indian Govt consider it as a currency or commodity) or just a simple trade done on a overseas market OR 2) income from a software export, because BTC has not been recognized as a legit currency by any Govt In both the cases the Indian Income Tax Department does have provided Tax Benefits. But the forex conversion charges would be imposed for these by the banks. So I think the govt should come up with regulations specifically for BTC and other crypto currencies(each coins should be named, with new ones to be added with periodical updates) or just enjoy the foreign funds coming in and make use of it for large current account defecit we have... lols  Indian Government must come with some Tax rules with bitcoin if not they are going to loose taxes, Bitcoin is not a single country currency so if Indian Government will not accept bitcoin legit then of course Indian Bitcoiners will trade there bitcoin in US so US gov is going to get taxes of Indian Bitcoiners. Bitcoin exchanges must try to legalize trading business and the transaction must seen to Indian government so Government will be sure of AML and i hope they will issuee some rules and regulations. If indian government will tigtned there hand then ofcourse it will create Money laundring in huge coz they dont have any monitoring system untill they will bring bitcoin to some legal part. |
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Where are your such huge words? Why does the Bitcoin community takes everything as scam? I am damn sure that's one reason why not many people adopt Bitcoin. There were many Bitcoin services that came and go. Why? Because people thought of them being a scam. At least trust me for a moment, I am here only for one reason, and that is to answer all your questions and queries. The payout might be high in fiat, but it's not very high. I read someone saying that it is "10x" of what other are paying. WRONG. PrimeDice is paying nearly the same, I am just about 30% above that, that too only for known/established members. Are you still in this word? What a shame? At least if you have paid a single person who used your sig. because of scamers like you we people are fadenup. Firstly, I posted up a fund proof in the main thread. Look up here: https://bitcointalk.org/index.php?topic=345107.msg3706334#msg3706334Now, I'll start answering the questions that appear in this thread. You pay per posts we actually have or by post we made during advertising period?
Payment is based on number of posts you will have after the month, ie: time of payment. So, a month from now you'll pay me 0.61 BTC, right? Yes, if you add the links to your signature and NOT remove it for the whole month. That's more than $500 at current rate... Take in note that, I am paying you BTC, and NOT USD. I would definitely not pay anyone that much via PayPal or in fiat. is there any guarentee you would not run out after 1 month and must pay mean some escrow in start is good idea
+1 I'll join it this were to happen  @ OP, I hope you understand everyone's doubts. You are a new member with a new website and nothing more, we can't exactly trust your word at the moment ;/ I am not new to Bitcoin, I made this account just for this announcement. Said that a member has "Jr. Member" tag does not mean that he/she is a scammer or doesn't know anything. <Too many posts about Escrow and payment stuff> I can do escrow, but not at this moment. This service is fairly new and the betting volume is too low to earn profits. I hope you understand. <Reading too many posts about saying this being a scam> Why does the Bitcoin community takes everything as scam? I am damn sure that's one reason why not many people adopt Bitcoin. There were many Bitcoin services that came and go. Why? Because people thought of them being a scam. At least trust me for a moment, I am here only for one reason, and that is to answer all your questions and queries. The payout might be high in fiat, but it's not very high. I read someone saying that it is "10x" of what other are paying. WRONG. PrimeDice is paying nearly the same, I am just about 30% above that, that too only for known/established members. Added siggy  Nice! I'll create a Google Doc to list all the people and their profile link who post in this thread for payment. That will help me and everyone and will maintain transparency. I think it's SUPER obvious that for 0.6 BTC a month, NO ONE in their sane mind would scam and remove signature after payment, especially people with 1200+ posts... The fact that being new, he won't pay first, shows that this is a scam 100%. I mean, even after first month if he paid first, people would accept him paying second, as he'd have enough or a reputation built just from that!
You can't jump to the conclusion of them being the scam. You can try not to, but you can read the information given at http://www.bitsplay.ga/info/
if a game hits -50 BTC in overall balance, that game will be stopped and all the addresses will become deposit addresses. All the BTC coming in will go to the Game Bank. The game will restart as soon as the counter is back -5 BTC or higher.
Scams rarely state negative rules like the one you quoted (the aim of a scam is to attract as many people as possible) IMO putting this in your website shows a bit of honesty (or reverse psychology?) Or it is just assuming that people won't read that, which seems to be the case so far. Then if anything happens they can claim you forgot to read that. btw, the aim of the scam to attract many people is already working. See how many people answered to this thread, and the guy is now trying to "buy" free spam. Yes, people do forget to read such details. And that's one reason I am repeatedly linking to the info page all over the website and on the top too! It's always good to go through every part of the scheme/website before throwing money on it. I appreciate that. No, read more posts there. It's not clear to me whether this is pay fir existing posts or fir new posrs each month.
For number of posts that you attain at the end of payout period. ------------------------------------------------------------------------------------------------ More doubts? Email is the best way to get the answer. I still have the limit of 1 post per 6 minutes. Tough, I'll still answer every question here. Keep playing and good luck! So... You're either the OP's alt and a self-incriminating person or you left the first two paragraphs out of a quite accidentally. May be you dont noticed at this "Are you still in this word? What a shame? " that is my question to OP for OP's huge words in earlier posts. Thos 2 paragraphs are copy of OP's words. |
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Any indication if OP is legit or not?
I'd be happy to do it if he pays me in advance or escrows .5 BTC with a trusted forum member or members.
+1 I will be happy to do so. |
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I've put the signature.
You got two Signature man? Are you sure primedice will pay you doing that? |
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Try Bitvisitor and some giveaways,
one thing you need to notice that free giveaways are not to be millionare its to show you one way to become millionar
good luck and start from some fraucet and atert mining altcoins with small investment , start trading then you will have BTC in your hand.
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n93rcD7A36fxXHgsEZXae84YkbbJMAiwHE
Thanks,
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D5i1TXGFxXswNTPAi5rS8VAEzQAT3RG3PB
Thanks n Happy New year
Happy New Cryopto Year
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SXC is used by some scamers just to scam, the price is like a game, few people are gaining from it and lots of people are paying for that.
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赠品帮助我们成长起来，并开始与COL硬币玩，谢谢
suoRJ5fqNSVD36Ak6A4FdDx4dhNpo4SDK
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Great job, helping a lot, By the way why dont you try your own software and application so we can tro out scamers.
Thanks
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Atleast this type of signature advertise are helping us to grow up, specially we new members who are just trying to grow up more day by day in thi forum.
Thanks
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iLMDgMjhKcHFjvPnftNZimGcgJVkTYnT1x
Thank you for Giveaway offerings
IFC is the currency which we could love in trading,
IFC will very soon reach to 1$ so i am waiting that day to see so we all can come back and thank you back.
today 150 or 50150 IFC could be nothing but very soon 150 IFC is motre then 150$ of paper.
Thank you
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TOI authors wrote about Bitcoin but they dont even know
What Bitcoin Is?
How We Can Get It?
What Are The Uses Of Bitcoin?
Why Bitcoin Is So Popular?
Why In America, London, Canada EU and in a lot of Country Business Adopt Bitcoin?
Why Billions of $ Are Invested In Bitcoin Business?
they are just focused in there TRP nothing else so no need to think hard about it.
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Watching on markets i heartly give you options of QRk, ZET, WDC, and even if you want you can collect millions and billions of CENT, COL, IFC and TIX
Dont forget BTC and LTC whic are mother and father of crypto
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China ist zurück, wird Bitcoin Preis jetzt nach oben. sowie Overstock.com ist das riesige Unternehmen akzeptieren Bitcoin Bitcoin Preis, so ist jetzt enorm.
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Where are you? PM me with youe Cell no. i will meet you within 5 HRS anywhere in the world. (Dont get that i could reach anywhere in the world in 5 hrs) i have thousands of contacts who could recieve from you where ever you are, that will be better for both of us, i agree your asking price but would like to see products.
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Skype Calls are free of cost and the are helping people, Let them do there work, Why to bring them down in there profit? We are enjoying video calls and group calls so just enjoy that. Good Luck
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Skype is leting us Call free, Video calls and conferance calls so why to bring them in losing there business? Let them help people.
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Pk2nBQCT8j7STkZbTeyJkxpSV7yM2T3cH8
Thanks
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