2
votes
If I send Bitcoin from the USA to a friend in India, do I have to pay capital gain tax on it if he sells it and makes a profit?
If this is a true gift, that is, not part of any larger transaction and given out of the kindness of your heart, then you're probably going to have to consult a tax professional because this will ...
- 51.7k
1
vote
Transfering Bitcoin from India
can someone from India who still have the bitcoin transfer to my Coinbase account in US?
At a purely Bitcoin protocol level, yes - Bitcoin does not differentiate between users, locations, individuals,...
- 17.3k
1
vote
Why there is a huge amount of difference in price for the same coin at same time?
Discrepancies in exchange rates can arise from many things, such as:
how often the exchange rates are recalculated or cached by the website
where the website gets the data from (e.g. there are a lot ...
- 11.9k
1
vote
Tax implications of bitcoin income
The idea is to sell the bitcoins in India and wire him back the money from the
sales proceeds in India.
Translate: The idea is that he commits tax fraud because he will not report the sale as ...
- 177
1
vote
what is best way to start bitcoin exchange @India
In a nutshell:
If I were setting up an exchange, I would look for a back-end that already exists, with a front-end that I could "white label".
Firstly, I am a developer that works with Bitshares, ...
- 96
1
vote
Accepted
Is PAN or ID card verification necessary to buy Bitcoin in India?
No authority in India expressly authorizes other entities to use PAN or other unique ID cards for customer verification purposes. The entity itself takes such measures since Government issued ...
- 126
1
vote
Government Taxes on Bitcoin in India
Most of the Indian bitcoin businesses go by the analysis from Nisith Desai and Associates:https://www.zebpay.com/wp-content/uploads/2016/04/Bitcoins.pdf
Bitcoin is unregulated in India(not illegal or ...
- 450
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