Post
Topic
Board India
Topic OP
How to pay income tax for bitcoins earned?
by
newtocryptocurrency
on 06/09/2015, 11:30:48 UTC
if someone earns 5 bitcoins (at 20,000) from doing some work and converts only 1 bitcoin (at 21000) thru an exchange, how should the income tax be calculated here?

even though in this example it doesn't exceed 2.5 laks but assume that there are other sources of income that make it exceed 2.5 laks..

thank you