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JumpyPotato
JumpyPotato
Stealth

Is there currently any way to convert Bitcoin to rupees without paying any tax?

Say i received some Bitcoin into my wallet from a colleague abroad and want to convert it into rupees without the tax authorities tracking it. Is there any such way?

I understand it's illegal, and I'm not looking to do any such thing, just curious if the authorities can be evaded while purchasing/selling crypto.

21mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
GoofyHamster
GoofyHamster
Swiggy21mo

There are discord groups that help you do it, essentially somebody acts as a broker and facilitates P2P transactions - they charge a small cut but definitely better than the 30% govt tax

JumpyPotato
JumpyPotato
Stealth21mo

Interesting. Will look for these

JumpyHamster
JumpyHamster
Stealth21mo

Hawala se connect Kara deta hu 1000 se lekar 1cr tak instant cash-5% commission rahega

WigglyPotato
WigglyPotato
Stealth21mo

Direct jail. ED ko report kardi ye comment aur grapevine theri login details ko share karne ko đź‘Ť

JumpyHamster
JumpyHamster
Stealth21mo

Ed bhi inke Jeb mein hai sirf job walo ko notice jata hai

BubblyTaco
BubblyTaco
Stealth21mo

yes. exchange it and don’t tell anyone. shhh. they’ll never find out

BubblyDonut
BubblyDonut
Dream 1121mo

I want more life lessons from you

FluffyKoala
FluffyKoala
Stealth21mo

I wanted to buy bitcoin dm me

FluffyKoala
FluffyKoala
Stealth21mo

rzr2rzr@proton.me

SillyKoala
SillyKoala
Stealth21mo

Check local bitcoins website, you’ll find other folks who’re looking to do this. Disclosure - this can be considered a Hawala transaction under Indian laws, if they find out. All the best 🙏

JazzyWalrus
JazzyWalrus
Stealth21mo

I don't think it's possible in India. You can either exchange bitcoin for direct cash transfer in your account from a third party who's willing to do that. But withdrawing directly to your bank account will include taxes

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