Janaki Jambunathan
Active member
As bitcoins and other cryptocurrencies begin to catch the fancy of Indian investors, the regulatory and tax treatment for such investments remain a grey area.
Cryptocurrencies are a new asset class and are not regulated in India. Bitcoin being a foreign currency asset and the fact that there is no permission from the RBI to invest in it, may be treated as a violation of our foreign exchange regulations.”
http://m.thehindubusinessline.com/news/the-trouble-with-tax-treatment-of-bitcoins/article9988425.ece
Cryptocurrencies are a new asset class and are not regulated in India. Bitcoin being a foreign currency asset and the fact that there is no permission from the RBI to invest in it, may be treated as a violation of our foreign exchange regulations.”
http://m.thehindubusinessline.com/news/the-trouble-with-tax-treatment-of-bitcoins/article9988425.ece
