Paying tax for Bitcoin transactions ? What kind of tax Income tax, vat or service tax?
Bitcoin coin is not regulated in India so I believe we need not to pay Any tax for Bitcoin transactions.
Am I thinking right ? Do we have any tax experts on board in our forum?
Thanks
You will have to pay tax for the Bitcoins you own. You calculate the tax looking at the INR/BTC value. You are paying tax because Bitcoin is considered as an asset. Correct me if I am wrong!