Quote from: Nabilo on September 06, 2018, 05:15:29 PM

Quote from: Dudeperfect on August 30, 2018, 04:40:05 PM

We will see a clear picture after the verdict of the Honorable Supreme Court in the next month. As of now, it is recommended to pay the tax as per the normal tax rate (considering the source of income). The maximum tax rate is 30% and that too for the assessees having income more than 10 lacs (there are some initial tax slab rates but there is no tax about 30 %).

No this is wrong information. no-one can taxed you for holding bitcoin in this world because it is also a type of money or digital money and no-one can taxed you on money.

Well, I'm not talking about the money kept in crypto but the amount which is cashed out into the fiat currency. Even if Bitcoin is not yet recognised, we are supposed to pay tax on the amount which is converted into INR in any form. It is true that the payment kept in Bitcoin is not taxed directly.