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Can you file tax returns in India for gains from Bitcoin, cryptocurrency trades? : This demand, not just for Bitcoins but also for altcoins like Ether, Dash, Monero and tokens from various ICOs, have also given rise to a handful of Indian cryptocurrency exchanges that deal with altcoins apart from the Bitcoin only exchanges.

With most exchanges in India collecting KYC (know your customer) details of customers, transactions on most exchanges are documented at their end.

But what happens to the gains made on the trades? Bitcoin prices have risen 10 times in the last 12 months; altcoins such as Ether 33 times and Dash 46 times.

The rules say that filing income tax returns is mandatory in India for those whose total income exceeds Rs 2.5 lakh. But unlike most income categories in the Income Tax Act, income from cryptocurrency trade is not detailed. We interviewed taxation experts and traders to see how they are treating income from the gains in cryptocurrencies.

Link : https://factordaily.com/filing-tax-bitcoin-cryptocurrency-in-india/
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Greetings Community!

Hope you’re having a great day.

We would like to announce that we are transitioning to a new domain www.echworld.com as part of upgrading on 6th December.

Please note that all systems will operate the same as before and everything will run smoothly.

PLEASE NOTE:
*For first 15 days after expiry any ID (doesn't become grey) can
1. Do self topup
2. Do package transfer
3. Can be topped up by upline
4. Can withdraw coins
No business income - direct or pairing

*After 15 days for next 15 days (16 to 30) - ID is same as Grey
An id can
1. Can be topped up from upline

*After 30 days ID is Black (disabled permanently)

*All eb3 must be converted to ECH by 19th December 2017.

For any queries, please write to us support@echworld.com

We appreciate your support and cooperation as always.

Kind regards
ECH World
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