Post
Topic
Board India
Re: People pay your Taxes
by
philiveyjr
on 20/06/2016, 15:55:43 UTC
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?
Why would you be declaring or showing any capital gain on it, if you go about showing it as an income from another source ? Capital gain won't be applied then.