is a digital currency platform where buyers and sellers can use bitcoin for financial settlements. However, legality of the bitcoin is yet to be defined. Microsoft, namecheap m, wikipedia m, dish Network m, you can find many more companies that accept bitcoin as payment. Bitcoin, a digital payment or exchange system called decentralized digital currency invented. NO virtual payment, do not panic and make a mistake of ignoring the notice either of it is wrong, one needs to handle it diligently. Bitcoin exchanges take some fee say 1-2 and they help you buy, sell, and mine bitcoin.
What are the different methods to buy bitcoin? Declare this income while filing your taxes and make sure that before March 15, 2018, pay the advance tax as due on the gains. Very recently many taxpayers across India who had invested in Bitcoins or other cryptocurrencies have received this summons to furnish the response in terms of documents and evidence for the questionnaire attached to the summoning. Apart from bitcoin, youve other digital payment options like Ethereum and Litecoin. The company is founded in 2012 and operates from Francisco, California. The writer is a chartered accountant and chief gardener of Money Plant Consultancy. In this post, Ill be discussing on top 4 best bitcoin wallet exchanges to buy bitcoin in India. And also PAN card verification is mandatory to buy bitcoin. Here, on this website, you directly trade with other person who acquires bitcoin. If you have noticed, the government has made it clear that use of cryptocurrencies is illegal for any financial transactions like wherever we do transactions by paying cash or bank transfer or card swiping, bitcoins are not legal to replace any of our existing legal. Currently, you can buy bitcoin from any bitcoin market including international but so many options make a user confuse.