WebAnswer (1 of 6): I sure think so ! By ethereum, I'm assuming Altcoins (because there are other coins just as good and profitable as ethereum) The problems one faces in India are 1. GPUs are made in US (mostly) and are imported to India making the prices freaking sky-high (GST slab of luxury ite... WebJan 19, 2024 · You invest $1000 in Bitcoin when the price is at $40,000. After one year, the price of Bitcoin rises to $100,000. You decide to close out your position and take your …
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WebWhen you sell your Bitcoin, you may make a profit. If you do, you’ll be on the hook for capital gains taxes as cryptocurrency sales must now be reported on your taxes. Should … Web110K subscribers in the BitcoinIndia community. A community focused towards discussion of Bitcoin in India. Bitcoin is a global decentralized digital… greenside recreational near me
Guide to Crypto Tax in India 2024 - CoinDCX-Blog
Web3. Place an Order. Once your account is funded, you can place your first order to buy Bitcoin. Depending on the platform you’re using, you may be able to purchase it by tapping a button, or you ... WebJun 10, 2024 · Chinese investors made $1.1 billion in Bitcoin profits during the year while India ranked “surprisingly low” likely due to the government’s regulatory concerns over cryptocurrencies. WebCrypto Tax India Key Points: Profits from the sale, swap or spend of any crypto assets are taxed at a rate of 30% (plus surcharge as applicable and 4% cess). Profits are taxed under section 115BBH. Lower tax on long … greenside road croydon