Legally, we are responsible for paying taxes on any income sources we disclose. However, the most annoying point is, we do not or can not see that these taxes really work for us. That's how the law works, that's how their government's income. Of course the governments of the states are interested in getting more out of the budget. We will see a clear picture after the verdict of the High Court of Honor next month. The maximum tax rate is 30% and too for those earning income higher than 10 levels.

This is the fact that we need to accept that bitcoin and other crypto currency will be forced by the government because of the profit they can get here. And we can do that and accept it and obey the law.

Governments only approve of things that can make them money. First marijuana is demonized as the devil's lettuce, now it's becoming a beneficial wonder-cure.

The same thing is going to happen to cryptocurrency, and it's not necessarily a bad thing. The transparency works both ways and blockchain will cull government corruption.

most countries now have tax on bitcoin. because they have been afraid of losses that are not obtained. because until now we have an advantage but the country does not collect it. so that is what they think is a loss.

You don't want $Bitcoin, You Don't like $Bitcoin, You attempt to ban $Bitcoin yet you like "Bitcoin Tax" This is criminal, Our useless governments would try all they can to discourage people investing in $Bitcoin and Cryptocurrencies while going behind to spend "Bitcoin MOney" how criminal! Taxing $Bitcoin users/holders only increases the credibility of $Bitcoin, it shows what a "Big MOuth" government is and how helpless government is  not being able to stop $Bitcoin. I think $Bitcoin would shock them by the time it weathers the current storm. I doubt if they would ever be able to do anything when that happens.

Extremely misleading thread. The tax authority is sending notices to users who have sold their Bitcoins and profited from it. The "holders" are not getting affected. we don't need this sort of alarmist posts here.

yes, the big taxes made by the Indian government have a purpose to minimize the use of bitcoin.
Public enthusiasm there for bitcoin is very huge, many investor miners and traders.

they are worried that their assets will be confiscated by the Indian government. so, until today I did not find good news about the good development of bitcoin in India.

crypto prohibition in many countries because the crypto value is fluctuating so it is difficult to be used as an exchange or currency tool, high risk for investment because without the authority of a particular body or country.
but with the development of crypto and many people in the world using it, the government is aware that it is real and useful until they want to regulate taxes on the circulation of crypto.
for me it's too late but if this regulation exists it will give recognition to crypro and I'm sure the value will be more stable

I need to really qualified this news because I haven't see yet link.but it news can be clear India countries person.but just I tell you Bitcoin is the good currency and it contorl cannot any country government.so I'm sure India government cannot impressed Bitcoin tax.