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RE: For Now We're Lucky With Crypto-Taxes In India
Indian government does not consider cryptocurrency as a legal tender so question of tax does not arrive. It would be good for crypto lover in India if government consider crypto as legal tender and apply the taxation rule.
It will also help crypto exchange in India to do business and survive.
Good point but if they choose to ban it then your income derived remains taxable. Infact, as per law any income whether done through legal or illegal means is taxable, also whether there is an appropriate law or not for it in India. Therefore we have to pay taxes on any gains from speculation even now or on sale. :)