Post
Topic
Board India
Topic OP
A case why bitcoin gains need not be taxed in India!
by
cuddaloreappu
on 22/06/2017, 06:10:01 UTC
Disclaimer: This post is only on a discussion basis and do not infer anything from this post to real life regarding bitcoin and taxes. please Pay your taxes if you realize any gains from bitcoins.


I have read that Suppose if Alice goes from India to work in Dubai, Quatar or most of foreign nation, the income earned is completely tax free in India.


This happens because you are bringing foreign currency to India and therefore helping the nation by providing foreign reserve.

Now why cant the same apply for bitcoin, if bitcoin is regarded as a currency then you are contributing to the circulation of bitcoin in the nation when you sell them..

So on this basis , can bitcoin also become tax free