Playing cards have always been a very popular means of entertainment all over the world. Rummy occupies a special place in the world of playing cards and different cultures have modified the game which has led to the emergence of rummy variations. It is a unique card game that has a distinctive charm associated with it. With the Internet boom, online rummy is gaining popularity as it stands out among all its siblings and rules the hearts of card lovers. And the objective of rummy is quite simple: Be the first player to get rid of all his cards.
If you want to win cash in a more analytical and logical way then online rummy is the best way to go. Other than offering you an awesome gameplay experience, it has a load of benefits that make it a winner all along.
Your Transactions are Irreversible: Bitcoin transactions are irreversible. Once you have sent the Bitcoins, there is no way to get them back. If unfortunately, it turns out to be a fraudulent transaction, you have to bear the loss. So, yes there is an element of high risk when you think you are putting some cash to transact with Bitcoins.
Huge volatility: Bitcoin is known for its volatile nature and even the recent peaks are unprecedented. It is more like a bubble that we don’t know when it will burst. So, when on the one hand it is making your money grow fast, you don’t know how long it will last.
Income tax rule in India: At the moment, the Income Tax Act doesn’t stop anyone from earning or gaining profits from investments in cryptocurrencies. It also allows you to declare the gains and pay tax on it. Any profit that results from the sale of the cryptocurrency is taxed as short term capital gain as per the income tax slab rate.