Quote from: Virtual miner on May 21, 2019, 07:52:03 AM

Remember to save yourself from hazzles only pay taxes on cryptos which you have redeemed in Bank. Anything held on exchanges such as Koinex, Bitbns, WazirX still counts as crypto assets not sold. So you don't need to pay tax on that. Pay TAX on "₹" That you have received in your bank account only.

So, there are a list of sources as to how you can earn your bitcoin Income:
1. Earnings from Signature Campaigns, Bounties & other Services Rendered.
2. Earnings from Regular day trading profits.
3. Earnings from Crypto Investing(Crypto brought before 2018 but sold in 2018).
4. Earnings from any other source.

So, what if I earn Crypto in one or all of the ways listed above, but never sale to get it to my bank account. Instead, if I buy gift cards and use them. For example, Amazon Pay gift card can be used to recharge mobile phone, pay electricity bill etc. Is this BTC -> Gift Card -> Product/Service a taxable event?