Bad news for Indian Bitcoin traders and investors.

Hi Steemian friends good evening, a bad news for Indian Bitcoin Hi traders.

Friends as we know that Income tax authorities issued about half million notices to the High Networth Investors and traders of Bitcoin or any other cryptocurrency, across India.

Friends as one of my friend received tax clarification notice from the authorities is so much tensed and feeling very sad, the chief reason is authorities raises something 25 questions about the fund he invested and source of income, previous tax filing details, family members cryptocurrency holdings, other Investment details and so many harassing question asked for the clarification and he is so much afraid of tax slapped and it's like a night mare for him.

In my opinion friends there is huge panic amongst the Investors and it will turn the sentiment into negativity. Refer with your tax consultant, keep calm as everything is taxed on your profits so don't worry so much just follow the instructions and keep up to date with the tax department to avoid any penalty.

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