Re: Income tax for the amount available in zebpay/unocoin??

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.

Are you sure about amount which is in zebpay is not taxable i have raised concern to zebpay still waiting for answer once i receive the answer probably i will post it here.

Finally i got response from zebpay regarding the money in the INR wallet or transfered to INR wallet Doesn't required to pay tax.
"Mail Proof
Thank you for your mail.

We would like to inform you that there are no taxes charged on customers for keeping the amount in their INR wallet.

Please let us know if there are any further queries.

Thank you for your interest and patience.
Regards
Zebpay Team"

Hi @niisarearning

Great, So can you inform the so called brainless investor who opposed me that you need to pay tax ?

Now tell me who is correct financial advisor here !!!

Opposer: Till there is no rule you do not need to pay any taxes to GOV , This is simple Why you guy want to do rocket engineering here!!!!!

@polynesia : You became the biggest misleading person here, Hope you will not mislead newbies anymore & 1 more thing word like ridiculous f**K used by looser and you are the one of them Tongue

Thanks

nice disc... so if u pay tax , is it legal in india