देशभर के बिटकॉइन एक्सचेंजों पर इनकम टैक्स की छापेमारी
ONLINE DESK: With all the buzz that bitcoin created in the past weeks with its soaring prices, has put income tax department on the doorsteps of the bitcoins exchanges in India.
Apparently, Bengaluru investigation wing of the income tax (I-T) department carried out a Raid in nine bitcoin exchanges across the country including in Mumbai, Bengaluru, Pune, Hyderabad, and New Delhi.
The soaring prices of bitcoins in the recent month have had the regulators worried. The price of a bitcoin, which on Nov. 01 stood at around Rs4.55lakh ($7,070), has skyrocketed to Rs13.80 lakh by Dec. 14. Within a month the buying volume in several cryptocurrency exchanges has doubled as it has spared the interest of the investor.
The IT department authorities have clarified that were not raids and just surveys carried out under section 133(A) of the I-T Act. Surabhi Ahluwalia, the spokesperson for the tax department, said, “We are looking at collecting information about (the) modus operandi of bitcoin exchanges, investors, their source of investment and possibility of collecting the tax,”.
Past week the Supreme Court wanted the Centre government and the RBI’s response on the need to regulate cryptocurrencies, including bitcoin, in India.