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
There are no rules and regulation for the bitcoin yet for the Indian taxation.
However you can pay the tax at your own will by showing the transaction in the bank. Your zebpay INR amount is not taxable because it is still Bitcoin for the ZebPay company and it stays with them.
When you will transfer it to the bank account then you will have to show that in the tax for sure.