Despite the lack of investment funds circulating in the local Bitcoin, Indian investors can still be exposed to such financial tools through international markets. The RBI’s Liberal Transfers (LRS) allows residing individuals to invest up to $ 250,000 per fiscal year in foreign assets, including stocks and traded investment funds. This ruling enables investors to allocate funds to Bitcoin’s investment funds listed on international stock exchanges.
To do this, investors can open accounts with foreign brokerage companies that provide access to these investment funds. It is important to note that transfers that exceed 7 dollars in the fiscal year are subject to a 20 % tax collected in the source (TCS), which can be modified in exchange for the total tax commitment to the investor. In addition, the gains from these investments are subject to tax imposition under Indian law, with taxes on short -term capital gains according to the investor income tiles and long -term gains, taxes are usually imposed by 20 % with indexing advantages.
