RE: Steemit Mentioned In: How to File Tax Returns in India for Your Bitcoin Profits—My Latest Feature In TheQuint!
This post is a whistleblower for those who say income from Cryptocurrencies can't be taxed. @firepower
Instead blame, curse and hate - we have the power to do workarounds from our side. We can be vigilant enough not to evade taxations on our own.
As an honest citizen, instead of worrying about taxations, we should find the possible ways so to avoid any legal discrepancies in future. No matter what Govt. does/takes action with regards to cryptocurrencies, it will remain an excellent platform for budding Entrepreneurs, bloggers and all who are creative as well actively looking for some passive income (having the risk factor).
The main problem arises when someone asks - "Where can I find the information related to cryptosphere?"
Unfortunately, there is a severe lack of sources where one can find adequate information on the taxation slabs for the same. Hence, they either pretend to ignore or say - they do not need to pay tax as Govt. is not showing any interest in this regard.
In this conspiracy, thank you for opening up with some useful measures that will surely help a lot of traders, exchangers and longterm holders as well.
Again, thanks to your contributions that always come loaded with so much of valuable information that one can read and get enriched with crypto awareness.
Resteemed it, so that it reaches to my every Indian friend to create a massive appearance.