Post
Topic
Board India
Re: How to pay income tax for bitcoins earned?
by
newtocryptocurrency
on 06/09/2015, 13:24:41 UTC
even if he were to pay tax on all 5 bitcoins at the price they were purchased and then capital gains tax on the 1 bitcoin he sold, how would he show the department where the money equivalent to the 5 bitcoins are? he has not sold some of them and so they are not in his bank account. Won't they ask him about it?