When you encash to Indian rupees, there is no clarity over what tax you should pay. Have you dealt with this ? I mean withdrawn the amount in INR ? And if yes, what kind of tax we need to pay ? Any insight on this would be really helpful.
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Right now in India, it is very difficult to cash out because major banks in India have stopped receiving transaction deposits from exchange platforms like bittrex and so forth.
https://qz.com/1174340/indias-bitcoin-exchanges-under-pressure-as-banks-choke-payments-and-withdrawals/
I don't think, its right, there are so many exchanges now in India, you can easily transact. I myself do. Only the tax aspects are not clear.
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