Quote from: CoinMega on January 24, 2018, 05:07:19 AM

Quote from: djbabu on January 23, 2018, 05:01:34 PM

Hi,

No Bitcoin is not yet taxable in india , no short term or long term gain, Only income tax if you r in profit then only, you can keep money in wallet after selling and withdraw after march.

We are investing in bitcoin in our risk gov is not helping so they cant ask us for tax until they make law.

Please : All user understand that apart from income tax no tax need to be given , this is not a share and no law for it ,

Note : I am financial advisor

This is wrong and you call yourself a financial adviser.

"No Bitcoin is not yet taxable in india"
Any kind of Income or Profit is taxable, they do not have to make a new law for every type of gain.

"you can keep money in wallet after selling and withdraw after march"
I am not too sure about this one. I know that US charges tax on Fiat held in Coinbase account, so probably India would too.

"We are investing in bitcoin in our risk gov is not helping so they cant ask us for tax until they make law."
That does not matter. They CAN tax us.

You could may be give a call to your Exchange, they can help you a bit with taxes.

US law dont work here, In china they Banned ICO , will india fallow it ?

Australia allow men to men marriage will india allow it ?

If you go with Stock trading laws after 1 yr no tax need to be given else 15%

If they are not protecting us they are no right to ask tax for it .

We live in democracy our law is different

No tax need to be paid , If you get notice from them ask them in return under which law they are asking because RBI is already said people do it you own risk we dont help you.

Thanks