Accepting bitcoins for freelancer job is not illegal, but the question how you are treating them in your tax return and want kind of documentation trail you are keeping in order to support with department queries is what matters.

Buying and selling of bitcoin is not illegal but only if buying/selling is done through reported money. One might get in problem trading in bitcoin through cash, if one day the department think of initiating action against bitcoin people. Certain aspects are to be taken into consideration.

Not to scare anyone but as a member I wanna caution people dealing in cash for buying/selling of bitcoins. Also, the one who are providing services or selling goods needs to consider certain parameters which falls upon the legal line of law.

Regards
--
Kanishk Agarwal
Advocate
CriTaxCorp
Criminal-Taxation-Corporate
www.critaxcorp.com
+919971666252