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A case for bitcoin - Rediff.com Business

A small percentage of asset allocation to bitcoin seems like a reasonable gamble, as it could be a major gainer in an uncertain global environment, says Devangshu Datta.

Illustration: Dominic Xavier/ Rediff.com

The last year has seen a huge jump in cryptocurrency trading volumes and valuations. Bitcoin was trading at $3,410 per coin last week, about 475 per cent above the price of August 2016 of...

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Bitcoins: I-T notices to over 400,000 HNIs across India ...

The trigger for the action is understood to be the huge spike being registered in the value of bitcoins and other virtual currencies in the recent past.

Widening its probe into bitcoin investments and trade, the Income Tax (IT) department is set to issue notices to 400,000 to 500,000 high networth individuals

 

(HNI) across the country who were trading on the exchanges of this unregulated...

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Made a Bitcoin fortune? Pay the tax now! - Rediff.com Business

Based on the holding period, the profit you make are liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.

While virtual currencies like Bitcoin are gaining popularity, there is still lack of clarity on how they should be taxed.

Many buyers of cryptocurrencies, therefore, don't pay tax on the gains they make on selling them.

Software developer Pawan Bharti recently sold...

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Related topics : virtual currency exchange bitcoin / virtual currency like bitcoin / virtual currency exchange definition / virtual currency exchange business / virtual currency exchange software