Quote from: cryptoheadd on June 22, 2017, 09:20:46 AM

Quote from: cuddaloreappu on June 22, 2017, 06:10:01 AM

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.

Yes, Income earned by an Indian resident who has been working in a foreign country is completely tax free, only if he has been working for more than 6 months. (I think)
This income will be taxed by the foreign government, and therefore, will not be taxable in

Quote from: cuddaloreappu on June 22, 2017, 06:10:01 AM

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

Bitcoin is NOT regarded as a currency (as of now). People disclose it as an asset/investment and have to pay Capital Gains tax, if they profit from it.

Hope this helps.

Again What kind of asset.
CAn I treat Bitcoin as Property- Then Short tem capital Gain till 3 yrs
Can I treat Bitcoins as Stocks - then Short term capital gains till 1 yr and then tax free.

Who decides , what kind of asset it is.