Like I always tell my close pals, not everyone is happy with the sudden rise in bitcoin,this 30% taxation by the India government is just to scare investors into crypto that just the summary of it all, not everyone is happy about it and 30% is too much for a tax  and if this continues believe it will push away investors both in India and anyway around the world....it so sad to here this

Care to share the source of this news? AFAIK, Bitcoin is only taxable when it is converted to FIAT. If they apply 30% on gain then how would people earning bitcoin be taxed?

If they want to tax bitcoin I think they need to tax only to the business related to the bitcoin that is located to their country.

30 percent is very big amount and It is not right how about those people who are earn a little only. They need to focus to the big business related to the bitcoin and get some taxes to them not all the small investors who earn small a lot of profit.

Maybe this would work on third party networks, since it speaks for profit from investment which will more likely be determined upon converting your cryptos to fiat. Bitcoin and other cryptos are having a good run for this year and to how I view this, given that economies are struggling at this moment, they will hold to things which will generate money to suffice the needs of the economies and to avoid total crisis, perhaps in this case taxation or regulation to crypto investments. Trading was banned in India before and was recently pulled the decision to just regulate this technology in that area. People of this region won't be able to do anything from it unless there will be an alternative way for them to avoid being taxed whenever they will convert to fiat.

The question I am having is that, what if the market again become bearish? Will they still choose to regulate this technology or to again prohibit its usage? 'coz I think they just allowed the use of it in order to generate taxes on the opportunity this bullish market is having.

Fortunately, we don't have to deal with such a problem here, a nightmare of taxes on capital gains.
If there is a way to avoid taxes, better to stay away from local exchanges, trade on a foreign exchange like Binance, trade on decentralized exchange or peer to peer, and then withdraw in the form of digital currency such as skrill, paypal, etc.

In Italy we have a very impossible to grasp taxation framework for cryptocurrencies. Capital gain taxes on bitcoin and other shitcoins is at 26%. The only good thing is that we only pay if we realize those gains but that is quite a huge price to pay to the gov.

30% is a ripoff, but it's also an unwise move by the government. Taxation should be high enough to sustain the basic needs of the central government, but also low enough to discourage evasion and moving abroad. IMO 10-15% tax is close to ideal. 30% is a joke. Poor people will hide their coins and rich people will move abroad to sell.

This is absolute shameful behavior on behalf of the India government. They are effectively banning/censoring technology through extreme taxation. It's so obvious, but it is hard for their citizens to react to because 1) Financial law is already convoluted and 2) It doesn't affect those who aren't interested in cryptography tech. Government overreach is the word I'm looking for. But I suppose it is par for the course in 2020. 

I just heard this, it might be difficult if applied in my country. As far as I know, cryptos participate as income tax and that too if it is reported. How did this happen? Will they cooperate with the exchange? This means that it has something to do with KYC, but it is also against prifasi. If I compare it to the tax code in my country, 30% is the tax for those who earn above - + $ 33,000. Maybe this is light for the whales but what about a small trader or a small minner, I think 30% is big.