The Republic of India, permit the legal tender Indian Rupee (INR) only.

The Indian Rupee (INR) is used for all transactions within the country, including the purchase of goods and services, payment of bills, and exchange for foreign currencies.

The Virtual Crypto Asset (VCA) or say Virtual Digital Asset (VDA) are not the legal tender in the Republic of India.

Virtual Digital Asset (VDA):
As per section 2(47A) of Indian Income Tax Act, 1961, unless the context otherwise requires, the term “Virtual Digital Asset (VDA)” means,-
(a) any information or code or number or token (not being Indian currency or foreign currency), generated through cryptographic means or otherwise, by whatever name called, providing a digital representation of value exchanged with or without consideration, with the promise or representation of having inherent value, or functions as a store of value or a unit of account including its use in any financial transaction or investment, but not limited to investment scheme; and can be transferred, stored or traded electronically;
(b) a non-fungible token or any other token of similar nature, by whatever name called;
(c) any other digital asset, as the Central Government may, by notification in the Official Gazette specify:

Provided that the Indian Central Government may, by notification in the Official Gazette, exclude any digital asset from the definition of virtual digital asset subject to such conditions as may be specified therein.
Explanation: For the purposes of this clause,-
(a) “non-fungible token” means such digital asset as the Indian Central Government may, by notification in the Official Gazette, specify;
(b) the expressions “currency”, “foreign currency” and “Indian currency” shall have the same meanings as respectively assigned to them in clauses (h), (m) and (q) of section 2 of the Indian Foreign Exchange Management Act, 1999 (42 of 1999).

From July 1, 2022, onwards, Virtual Crypto Asset transaction are subject to a 1% TDS u/s 194S of Indian Income Tax Act, 1961.

The resident & non-resident individual Indian sender & recipient, donor & donee, seller & buyer withhold 1% TDS while transacting P2E, E2P or P2P Virtual Crypto Asset in India or from India or from overseas or at overseas.

TDS is not applicable; only if the total value of all transaction of P2E, E2P & P2P Virtual Crypto Asset are below INR 50,000 in a financial year (FY: 1st April to 31 March).

The Capital Gain Tax on Virtual Crypto Asset is taxed at the rate of 30% plus 4% cess u/s 115BBH of Indian Income Tax Act, 1961.

The foreigner individual sender & recipient, donor & donee, seller & buyer withhold no TDS while transacting P2E, E2P or P2P Virtual Crypto Asset in India or from India or from overseas or at overseas.

CRYPTO ASSET Transfer.
P2P Transfer Crypto Assets to individual TUSHAR SHINDE's crypto address. The individual TUSHAR SHINDE is having crypto wallet provided by Indian Crypo Exchange linked with Indian Rupee saving account at RBI designated specified bank branch intended to use for only crypto asset purchase & sell. The address to transfer Crypto Asset are below. After successful transfer of Virtual Crypto Asset; email us the blockchain TxID at tushar@tusharshinde.in and get Receipt Note.

Bitcoin Address

1CWH7PMb7852t5oAHKb6ipe4rdfdVAxpNL

Send only BTC using the BTC network at sender's wallet. Using any other network will result loss of funds. Deposit only BTC to this deposit address. Depositing any other asset will result in a loss of funds.

Ethereum Address

0xf300832acdae2b7cb6b7ed28a093f524c69fec46

Send only ETH using the Ethereum (ERC20) network at sender's wallet. Using any other network will result loss of funds. Deposit only ETH to this deposit address. Depositing any other asset will result in a loss of funds.

Tether USD Address

0xf300832acdae2b7cb6b7ed28a093f524c69fec46

Send only USDT using the Ethereum (ERC20) network at sender's wallet with contract address ending in 31ec7. Using any other network will result loss of funds. Deposit only USDT to this deposit address. Depositing any other asset will result in a loss of funds.

USD Coin Address

0xf300832acdae2b7cb6b7ed28a093f524c69fec46

Send only USDC using the Ethereum (ERC20) network at sender's wallet with contract address ending in 6eb48. Using any other network will result loss of funds. Deposit only USDC to this deposit address. Depositing any other asset will result in a loss of funds.

Paxos Gold Address

0xf300832acdae2b7cb6b7ed28a093f524c69fec46

Send only PAXG using the Ethereum (ERC20) network at sender's wallet with contract address ending in baf78. Using any other network will result loss of funds. Deposit only PAXG to this deposit address. Depositing any other asset will result in a loss of funds.

KYC: TUSHAR SHINDE follow Know Your Customer (KYC) Guidelines - Anti-Money Laundering Standards for all financial transactions under the Prevention of Money Laundering Act, 2002 and insist sender to submit scan copies of officially valid documents as proof of name, address and nationality. The officially valid documents means the Passport, Driving license, Voter ID card, PAN card, Aadhaar Card, document issued by Government Department of Foreign Jurisdiction, Work Permit, Resident Permit, Social Security Card, Green Card, letter issued by Foreign Embassy. For more detail send mail at tushar@tusharshinde.in or call us on telephone no. 9321690034.

Contact me

✆ 9321690034
    9320690034
    9820690034
✉ tushar@tusharshinde.in
     www.tusharshinde.in
         

Tushar Shinde
Badlapur, Thane 421503, India