Hi
I want to know the status about INR balance keeping in zebpay/unocoin wallet by selling Bitcoin . If i am selling bitcoin which i earned by giving services and selling in zebpay and keeping INR amount in zebpay wallet not transfered to bank acount until april this financial year 2017/18 IT calculation . Do i need to pay tax for the amount available in wallet ??
Note: Please dont spam here ?? Genuine answers appreciated
Yes, you need to pay tax on the amount of capital gains as per the slab (short term or long term).
Taxable event (selling to fiat) happened in the current financial year so you have to pay for this year. It doesn't matter if its bank account or Zebpay account.
Disclaimer - I am not a tax consultant.