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Income tax department sends notices to 500K HNIs involved in Bitcoin Trading

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Income tax department sends notices to 500K HNIs involved in Bitcoin Trading

#1

Post by aman-pro » Sun, Dec 24, 2017, 8:36 AM UTC

Income tax department sends notices to 500K HNIs involved in Bitcoin Trading
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Re: Income tax department sends notices to 500K HNIs involved in Bitcoin Trading

#2

Post by bhjkbhjkhui » Sun, Dec 24, 2017, 10:36 AM UTC

HNI = "High Net Worth Individuals"

(because that's just so obvious)

Re: Income tax department sends notices to 500K HNIs involved in Bitcoin Trading

#3

Post by KHPatel » Sun, Dec 24, 2017, 2:19 PM UTC

bhjkbhjkhui wrote: post #2

HNI = "High Net Worth Individuals" (because that's just so obvious)

The article quotes a fine of INR 10,000 (roughly $250). Interested to see how they classify "HNI", as it seems a trivial fine to avoid the hassle.

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