Quote from: DomainMagnate on April 09, 2017, 08:08:45 PM

Quote from: deadley on April 09, 2017, 07:49:26 PM

Quote from: buysellcryptocoin on April 09, 2017, 02:38:15 PM

Hello Everyone,

I joined bitcoin in 2015. My most earning comes from forum posting and i trading sometimes. but i have never withdraw my money from BTC to INR.
just invested from one to another coins. Now i have 1+ bitcoin worth money in btc and other crypto combined.

I am wondering what i have to do now for withdraw this money and how to pay taxes on this? i have all transection details cause most trades done on poloniex.

Please Give your suggestion and share your wisdom.

Thanks.

There is many exchanges where you can verify your KYC and sell BTC their to transfer fund in your bank account.

Coinsecure, Zebpay or unocoin. Try one of them.

Yes that is the most sensible advice.Please stay away from gambling or betting if you do not want to lose your btc.
Also as mentioned above 1 btc is currently 70k INR which is not taxable unless your annual income exceeds 5 lakh INR

5 lac is not tax free. Max tax free income is 3 lac because of 2500 redemption under 3.5 lac income.