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Showing posts from August, 2022

Is Bitcoin invest safe in 2022 ?-Is Bitcoin Investment Legal in India under 2022 ?-Bitcoin latest news

 Is Bitcoin Investment Legal in India under 2022 ? In 2018 the government of India and RBI means Reserve Bank of India has banned cryptocurrency, after that the case went to the supreme court and the supreme court declared that the cryptocurrency investment or trading to be legal but it's not works as a legal currency. In 2022 finance minister Nirmala Sitharaman virtually gave legal sanction to all cryptocurrency in the country by labelling them as "  digital assets" and not currency and  taxing income gains from there transaction at a high 30% Indian investor have put around RS 45000 crore in private cryptocurrency. How will the tax be deducted? Finance Minister Nirmala Sitharaman announced that all cryptocurrencies, including Bitcoin, will pay a 30 percent tax on dividends to the government. In addition to a 1% TDS that will be charged on payments made using digital assets in order to keep a track on transaction. What has been said by RBI(Reserve Bank of India) ? RBI of