advisable to buy from indian exchanges if you are indian as investment has to be shown in books for tax.
you can also buy upto 250,000$ per year from foreign exchange, then fall under FEMA and more paperwork and headache involved. better pay 15% premium in India, unless amount is huge!
Thank you for prompt reply.
Can we show buying btc as investment in our IT returns? I highly doubt it as btc is not recognized by indian govt.
FEMA limit is too high for me. I will never be able to breach it
. I am thinking of buying coins from either cex.io or coinmama. Has anyone used it before?
The difference b/w intl exchange and indian exchane is still huge. Last.time i checked, price difference was 30k.
Also, Im thinking of buying using my credit card first. Once i get comfortable with whole process, i will use bank transfer. Is this a good decision?
Regards,
BabluPP