Tag Archives: Used

Dark net, bitcoin being used to smuggle drugs: Report

The “increasing” trend of using the ‘dark net’ and bitcoins to smuggle pharma medicines and illicit drugs to untouched segments of the population and youngsters in the country is becoming a new challenge for anti-narcotics agencies, a latest report has revealed. The “loose regime” of the sale of over-the-counter drugs and some select ayurvedic preparations is a trend that drug ... Read More »

No tax exemption if LTCG from sale of residential property is used to buy farm land

Is LTCG exempt if I buy agricultural land by selling a residential property? A portion of this amount was withdrawn from an LTCG deposit account towards partial payment of a housing board property. But the authority is yet to announce allotment. The LTCG deposit scheme is valid only for 2 years. Can it be extended since the allotment procedure has ... Read More »

Another Bank Says Its Credit Cards Can’t Be Used to Buy Bitcoin

The U.K. banking group Lloyds has banned its customers from using their credit cards to buy bitcoin and other cryptocurrencies. The move comes just a couple days after U.S. banks—from Bank of America and J.P Morgan to Citigroup, Discover and Capital One—told their customers not to buy virtual coins on credit. “Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept ... Read More »