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30% in capital gains or direct bitcoin payments?
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30% direct Bitcoin payments .
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Insane! How do they manage to control that? Do they just rely on people's obedience?
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They can't control it. Most of the people have adopted P2P route.
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Whenever somebody withdraws in fucking fiat, they put 1% TDS along with 30% tax on profits.
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I am also an Indian. It seems there is very good future of Bitcoin in India. At this time government take 30 percent tax on Bitcoin. I think government should reduce their taxes on Bitcoins