What Happens If I Invest In Bitcoin in India?

Categories: Bitcoin

While there is a lot of uncertainty and volatility over the prices of Bitcoin and its legality in India, it is certain that the blockchain technology promises a whole lot of innovation and way in which transactions are settled.

If you are looking to invest in Bitcoin, you need to bear in mind that only those investors who have a high-risk appetite should consider a part of the portfolio to be invested in Bitcoins. This is due to downside price risk, high tax on the gains from sale of Bitcoins in India, a possible goods and services (GST) tax exposure and the uncertainty arising out of the legal status of Bitcoins in India. 

In case of investors who already hold Bitcoins, there is no need to panic as even in the case of any regulatory ban, it is likely that transitional provisions for sale would be made. Those who had invested in Bitcoins and sold the same but have not reported the profits in their tax returns must go ahead and declare their investments. 

Top Blogs
Get The Most Of Trading With Bitcoin Prime Published at:- Definiation Of Bitcoin? Published at:- Meaning Of Bitcoin's Blockchain Technology Published at:- How to Mine Bitcoin ? Published at:- How Do You Buy Bitcoin? Published at:- Investing and Speculating Bitcoin ? Published at:- Consumer Financial Protection Bureau Published at:- How Does Bitcoin Work? Published at:- Bitcoin Mining Work Published at:- Can Bitcoin be Considered a Real Currency? Published at:- Regulation of Bitcoin in India Published at:- Taxation of Bitcoin in India Published at:- Eligibility Expenditure for acquisition of Bitcoin Published at:- Applicability of withholding tax at the rate of 1% under Section 194S Published at:- What Happens If I Invest In Bitcoin in India? Published at:- Crypto Winter Need To Know Published at:- Crypto Crash: Is Now The Time To Buy The Dip? Published at:- Inflation, Downturn and War - Crypto Currency Published at:- Crypto “Buy the Dip” a Good Strategy? Published at:- How does Bitcoin make money? Published at:- Can Bitcoin be converted to cash? Published at:- Advantage of Bitcoin Published at:- Disadvantage of Bitcoin Published at:- How Bitcoin and other cryptocurrencies fared in 2021: Published at:- Why Is Bitcoin Volatile? Published at:- Bitcoin in the News Published at:- Bitcoin Regulation Published at:- Bitcoin Is Still in Its Infancy ? Published at:- Is Bitcoin Safe to Buy? Published at:- Is Bitcoin real money? Published at:- Is it legal in India to buy Bitcoin ? Published at:- Crypto as legal tender in India Published at:- Union Budget 2018-2019 Published at:- The Cryptocurrency judgment ? Published at:- Observations by the Supreme Court of India Published at:- Inter-Ministerial Committee Report, 2019 on virtual currencies ? Published at:- 2021 and the road ahead for virtual currencies in India ? Published at:- Taxability of Bitcoin in India ? Published at:- Status of Bitcoin in the United Kingdom ? Published at:- Reddit Cryptocurrency to Buy for High Returns in June 2022 ? Published at:- How To Earn Crypto (Best Ways To Earn Cryptocurrency) | Binany trading platform in India Published at:- Buy BitcoinWith Credit Card: Risks, Rewards, And Everything In Between Published at:- Everything To Know About Cryptocurrency Published at:- impact on Bitcoin economy Published at:-
R4R.co.in Team
The content on R4R is created by expert teams.