The survey, under section 133A of the Income Tax Act, is being conducted for "gathering evidence for establishing the identity of investors and traders, transaction undertaken by them, identity of counterparties, related bank accounts used, among others", they said.
It'll be interesting to see how India navigates this: as one of the largest developing and fast-growing economies in the world, other countries will likely look to it to learn how they should regulate, and maybe even taxcryptocurrency transactions within their borders.
The survey teams, sources said, were armed with various financial data and inputs about the working of these exchanges and this is the first big action against them in the country.
Bitcoin, though illegal in India, has jumped about 16-fold this year as investors continue to flock to this cryptocurrency as a safe investment option.
The income tax officials have reportedly sought information on the records maintained by the exchanges and earlier reports suggested that some tax evaders may be parking illicit money in Bitcoin.
BP given thumbs down on Woolies petrol buyout
Today's decision appears to be a win for both consumers and Caltex which supplies numerous Woolworths service stations. Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell was quick to welcome the decision.
He further said that the creation of virtual currencies like Bitcoins as a medium of payments is not authorised by any central bank or monetary authority. "However, the operations are still on and final findings will emerge later".
The RBI had previously said those trading in virtual currencies were doing so at their own risk, given that the central bank had not given a licence or authorisation for any company to deal in such cryptocurrencies.
It's a finite virtual commodity with only 21 million Bitcoins existing, of which around 17 million have already been mined. Bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a USA exchange as investors grew optimistic that the $20,000-mark is within reach.
"The government's position is clear, we don't recognize this as legal currency as of now", he said at the time.
Crypto-currency Bitcoin is in news for the past one week as it hit new highs nearly every day.
It's somewhat like the edge-to-edge display spilling beyond the edge on one side, and acting as a secondary display at the back. As shown in the figure, display would wrap around the side of the phone and cover part of the rear.
Sources said Kharola has taken a serious note of the incident, which was mainly a result of co-ordination issues. The Air India flight was scheduled to leave at 6 am but had to wait for better visibility.
Audiences can make up their own minds about the wisdom of Eastwood's decision when The 15:17 to Paris is released on February 9. Bruce Berman executive produces, and Eastwood, Tim Moore, Kristina Rivera and Jessica Meier produce.
Research showed the " Glass Excise" tax, levied in the mid-18th century, led to the manufacture of smaller glass products. If wine sales increased when it was sold in larger glasses , this may have incentivised vendors to use them more".
It was perhaps inevitable, then, that such a popular franchise would get ported to the staggeringly successful Nintendo Switch . A big part of Payday 2 is its online play which could become a minor problem for Switch owners preferring to take it on the go.
As seen in the trailer , completing a mission in single-player is extremely useful in Metal Gear Survive co-op multiplayer . You the player are pulled through a wormhole and find yourself in an hostile environment filled with "biological threats".
Trump's decision puts him at odds with the worldwide community, which insists the issue can only be resolved through negotiations. On the behalf of the people and Government of Pakistan, PM Abbasi reiterated strong condemnation of the United States decision.
It is worth adding that Samsung refreshed its Notebook 9 series in January this year and launched the Notebook 9 Pro in May. Samsung is equipping each variant with two USB 3.0 ports , a HDMI port, microSD storage , and a single USB-C port.
US West Texas Intermediate (WTI) crude futures were at $56.77 a barrel at 3.44am GMT, up 17c, or 0.3%, from their last settlement. The halt to a network of vital North Sea crude pipelines means the oversupply may be about to shrink quicker still.
The FOMC's median estimates for core PCE inflation in 2018 and 2019 could be left unchanged, at 1.9% and 2.0%, respectively. We expect the FOMC's median projection for unemployment at the end of 2018 to be lowered slightly to 4.0% from 4.1%.
Bing will be the place to go to search for Reddit AMAs, Q&As with celebrities and every day heroes hosted by the Reddit community. Additionally, Bing and Reddit have teamed up to bring the information contained in Reddit threads to Bing's search page.
World Bank to stop funding oil and gas projects
They've still opened the door for "exceptional circumstances" where this would be "a clear benefit in terms of energy access". The bank also announced it was "On track to meet its target of 28 percent of its lending going to climate action by 2020".