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RE: View This Copy of I-T Summons to HNIs—How Indian I-T Department Harasses Bitcoin Users In India!
Crypto is basically exposing their priorities. How can they claim taxes to a currency that they haven't issued without being hypocrites? Not only that, they try to make it nearly illegal while also trying to make as much profit from it as they can.
Thanks for showing this to people, we all need to come up with a solution together.
I recently got a notice from Citibank India for violating FEMA regulations. I have not yet filled the form they requested me to submit. Will be doing it once I get some more feedback from the community on my post.
How can you tax money that you don't recognise as money?
In any case if every high net individual that got this paper (500000) got together and shoved this paper up the indian tax man's ass then there would be a good proctology coin to invest in👍
Hahaha I hope that will be a thing!
@stadex lmao! :D If only they'd do that.
Thank you @rhdmedia
The current Indian government is confused. Unable to do anything against the corrupt who have hoarded lots of black money, they are in turn going after middle class people who are earning through smart investment.
If it is unsafe to invest, let personal discretion.
Centralised mindsets want to make profit from Decentralised currency in the form of tax by exploiting people .
There isn’t a lot of centralized mindset s in centralized currency though, to be fair, look at the distribution of btc. But yes, you speak truth.