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New rules will prevent misuse. The notification reflects government's intent laundering and what are the consequences of being involved with.
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| Best way to convert crypto to fiat | The bill holds a lot of necessary regulations related to cryptocurrencies. He owns bitcoin, ether, polygon and solana. She does not own any crypto. Head to consensus. Powered by. |
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| Monos mining bitcoins | Income tax calculator. But whether tax deducted at the source will be charged or not depends on the amount investors trade on exchanges and who they are. If or when the government introduces a crypto-specific bill in parliament and it is passed and becomes law, crypto will be seen as being legal. Clear all. According to experts, what is more likely is that every cryptocurrency other than the digital rupee and maybe some of the most well-known currencies such as bitcoin and ether will be banned from being used as legal tender. Read more about. The old income tax law would still apply on crypto gains over the past decade. |
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WHY IS INDIAN GOVERNMENT BANNING FOREIGN CRYPTO EXCHANGES ? EXPLAINED ? #reducecryptotaxCurrently, Bitcoin is unregulated in India. Cryptos can be mined using personal computing equipment, so it doesn't break or interfere with any existing law. Is. Information Technology to block the URL of cryptocurrency exchanges as their operations in India are illegal in compliance with PMLA provisions. Is Cryptocurrency In India Legal or Not?.
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