Quote from: Poornimagoswami on June 20, 2016, 01:24:31 PM

Quote from: polynesia on June 20, 2016, 12:56:00 AM

Quote from: Poornimagoswami on June 12, 2016, 06:21:20 AM

How do we pay taxes on BTC and how do we show it in our accounts?

You should pay taxes in INR, the same way you will pay taxes normally.
Depending on how you earned/made profits on bitcoin, you should classify it accordingly (other income/ capital gains)

Thank You! but how do I show sending and receiving of bitcoin for capital gain?

You should just report your capital gains in your income tax filings.
You don't have to show sending and receiving, unless specifically asked during scrutiny.
For that, I think your wallet transactions should be sufficient.