how to convert crypto to inr without paying taxes?

[TheUltraElite]

Then I am like how the hell someone claim as crypto investor without even knowing what is bitcoin, then he said he bought some memecoins that is popular with the tap trend.

This is why we need this section to be strong enough to teach the next generations of Indian crypto adopters that bitcoin is the one and only and that any other coins other than bitcoin is a farce and will lead to losses no matter what the owners of that coin say.

We have been on this train for years and have gained that experience through observation and for some of us by investing and losing money on such things.

Bitcoin till date, has never given us any loss whatever be the price we got in at. But the Indian exchanges are not making things easier but making them more difficult to trade crypto - taxation and KYC.

[pakhitheboss]

Bitcoin till date, has never given us any loss whatever be the price we got in at. But the Indian exchanges are not making things easier but making them more difficult to trade crypto - taxation and KYC.

I agree with your point on Bitcoin and Indians are into crypto not because of Bitcoin they are here to make money fast. They think that crypto is the only option available after the share market to multiply their investment fast. By next year February, we will be hearing about regulations and we might hear more about taxation in this industry. I am not expecting much from this government but a strict regulation is going to come out from the parliament in the winter session.

[vino.gcs]

Then I am like how the hell someone claim as crypto investor without even knowing what is bitcoin, then he said he bought some memecoins that is popular with the tap trend.

This is why we need this section to be strong enough to teach the next generations of Indian crypto adopters that bitcoin is the one and only and that any other coins other than bitcoin is a farce and will lead to losses no matter what the owners of that coin say.

We have been on this train for years and have gained that experience through observation and for some of us by investing and losing money on such things.

Bitcoin till date, has never given us any loss whatever be the price we got in at. But the Indian exchanges are not making things easier but making them more difficult to trade crypto - taxation and KYC.

I think that our state is doing everything to make us pay taxes on our capital gains as happens in most countries, I don't mean that only India tries to make money but it knows well that we Indians are very capable of making money on new things and He also knows that many of us have been in the crypto world for years

[Bitcoin Smith]

I agree with your point on Bitcoin and Indians are into crypto not because of Bitcoin they are here to make money fast. They think that crypto is the only option available after the share market to multiply their investment fast.

All these people are mislead by group of amateur youtubers who claim themselves as tech gurus but they don't have any technical knowledge just read some articles and advice people to invest and trade which is why we have lots of trading apps in India which are not really trading app but kind of gambling with futures.

[vino.gcs]

I agree with your point on Bitcoin and Indians are into crypto not because of Bitcoin they are here to make money fast. They think that crypto is the only option available after the share market to multiply their investment fast.

All these people are mislead by group of amateur youtubers who claim themselves as tech gurus but they don't have any technical knowledge just read some articles and advice people to invest and trade which is why we have lots of trading apps in India which are not really trading app but kind of gambling with futures.

many times I read about these stupid toutubers who know nothing about the environment and what is happening, I think that these people would do better to pay attention to what they advise and I hope they don't make those who follow them do stupid things

[vino.gcs]

All these people are mislead by group of amateur youtubers who claim themselves as tech gurus but they don't have any technical knowledge just read some articles and advice people to invest and trade which is why we have lots of trading apps in India which are not really trading app but kind of gambling with futures.

Agree with you that most Indian Youtubers are the worst when they have a channel about crypto. Either they are after airdrops or they are discussing about meme coins. Not many talk about actual projects like Bitcoin, Ethereum and others. All they want is views and money from affiliate marketing. I haven't come across any apps of that kind. I generally avoid them as they are again waste in terms of recommendation.

it's clear that these people do it for money, no one would start talking about serious topics when they don't make them money.
the fact of having views from these things is obvious and the fact of having many views from these meme videos instead of the serious ones makes you think, very

[pakhitheboss]

it's clear that these people do it for money, no one would start talking about serious topics when they don't make them money.
the fact of having views from these things is obvious and the fact of having many views from these meme videos instead of the serious ones makes you think, very

In India, making money is not that easy, with many laws and regulations and, of course, taxes. The reason why Indians are investigating crypto is to make money from their small investments. We Indians do not have big money like other countries in the West or Europe. We do it because we hope to become rich.

That is why Bitcoin was never the goal of Indians. We are still better than our neighbors, who are here in the forum using multiple alts to make free money. Thanks to the reforms made by the previous government, the middle class was able to earn money through education. The middle class is trying to use crypto to make an investment that will help them become rich and leave this country.

[TheUltraElite]

many times I read about these stupid toutubers who know nothing about the environment and what is happening, I think that these people would do better to pay attention to what they advise and I hope they don't make those who follow them do stupid things

It is tough to get the younger generation out of the influencer marketing. But quite a few people are doing a good job on youtube exposing these scam products and shady companies but they get less views than others. The older generation has now become resistant to this type of marketing.

If you are doing your research, making from without paying taxes is quite impossible here. So better keep that tax evasion idea out of your mind and wait till the government and crypto industry here reaches some middle ground.

[vino.gcs]

it's clear that these people do it for money, no one would start talking about serious topics when they don't make them money.
the fact of having views from these things is obvious and the fact of having many views from these meme videos instead of the serious ones makes you think, very

In India, making money is not that easy, with many laws and regulations and, of course, taxes. The reason why Indians are investigating crypto is to make money from their small investments. We Indians do not have big money like other countries in the West or Europe. We do it because we hope to become rich.

That is why Bitcoin was never the goal of Indians. We are still better than our neighbors, who are here in the forum using multiple alts to make free money. Thanks to the reforms made by the previous government, the middle class was able to earn money through education. The middle class is trying to use crypto to make an investment that will help them become rich and leave this country.

Yes, in fact I do not blame those who make money or those who try in every way to make it: it is understandable that we Indians are not advantaged over Europeans who have more chances than we who are born in areas where poverty is widespread, so we must do everything to change the fate of this country.

[radhekrishna]

Sell it digitally who need it for hard cash payments, is best way to avoid taxes system in India.
here you have to find customers over different planforms, look for cash deals . 10L is not much amount for rich business mans

for safe deal do deal @ public places only hand to hand deal only, even you can charge some extra money for same . like travel expeses

[robloxer6]

Hey,

that's a similar question I had once. I was in the same cup a few years back and what I did was cashing out some I guess 4-5 Lakhs via P2P in chunks of 50k and 90k in a week, and I started paying my team members via crypto ( USDT and USDC ) instead of going upwork or bank transfer, didn't happened anything.

Also, in general if you never had filed any ITR or something, feel free.. you dont need to pay taxes. Btw I was and do hold crypto as a investment, not trading. Not sure about trading, there rules are different. Please do research for it.

[Bitcoin Smith]

Even if you are not reporting or never reported IT returns it doesn't mean we are safe, any electronically made transfer is linked with the ID such as Aadhar and Pan means the IT can pull the data if they want and it can happen at any time even after years so if you don't want to pay the taxes then breaking the link between KYC and your cashout is the only way.