I'm a mediumish trader on localbitcoins and asked the same question to the larger traders.
One of the replied and said that he declared it as income from other sources.
I will probably do the same next year now.
Topic: Anybody here successfully filed IT returns with bitcoin gains? - page 2. (Read 1691 times)
The one person i know will be paying taxes for bitcoin will be Benson 
I am sure it will be filled as income from other source but my doubt is that since the government has not recognised bitcoin,should we really need to file those returns. 
anyway i am an NRI so i am not filing anything.
I am sure it will be filled as income from other source but my doubt is that since the government has not recognised bitcoin,should we really need to file those returns. anyway i am an NRI so i am not filing anything. 
watching as well to see if anyone did it
hi bro you done any... i need a help from this
[Note: Do not share info about how much is your bitcoin gains or the amount you have filed as returns, just answer the below]
Did you successfully file IT returns with bitcoin gains , with no letter from the Big brother?
Under what heading did you classify the gains?
is it under Capital gains or Income from other source?
If under capital gains, did you do it under short term or long term?
Did you successfully file IT returns with bitcoin gains , with no letter from the Big brother?
Under what heading did you classify the gains?
is it under Capital gains or Income from other source?
If under capital gains, did you do it under short term or long term?
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