Search Results for: bank

Abolition of Personal Income Tax

Posted on January 10, 2014 by Vijayashankar Na

A discussion has now ensued in India about the possibility of personal income tax being completely abolished if BJP comes to power. This proposal though is in the initial stage of discussion and yet to be adopted into the manifesto … Continue reading →

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Why India is an attractive market for Bitcoins

Posted on January 3, 2014 by Vijayashankar Na

India is a country which tops in the annual inward remittances. In 2012, the total inward remittances were estimated at US$ 69 billion. China with US$ 60 billion was the second best. (Refer article). In the year 2013, despite the … Continue reading →

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Income Tax Considerations in Bitcoins

Posted on January 1, 2014 by Vijayashankar Na

One of the doubts that the Bitcoin community in India face is its taxability. They wonder how will the Income Tax department treat Bitcoin transactions for tax purpose. While it is the prerogative of the Income Tax department to interpret … Continue reading →

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Year 2013 in retrospect

Posted on December 31, 2013 by Vijayashankar Na

The year 2013 ended with an intense debate on Bitcoins the virtual currency system that caused lot of ripples in the market. over the last one month, Naavi.org has been full of discussions on Bitcoin to the extent that discussions … Continue reading →

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Addressing the concerns of RBI on Bitcoins

Posted on December 31, 2013 by Vijayashankar Na

The RBI advisory of 24th December 2013 has set an agenda for the Bitcoin community as to the future of Bitcoin industry in India. The advisory was fine as far as the public was concerned since it was the duty of … Continue reading →

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Dy Governor of RBI Clarifies on Bitcoins

Posted on December 30, 2013 by Vijayashankar Na

Dr K.C.Chakaravarthy, Dy Governor of RBI has always been pragmatic when it comes to security issues in the Bank. He has also been always pro-customer minded when dealing with Banking issues. True to his reputation, he has come up with … Continue reading →

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