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Topic: I am a student, How do i sell 3 BTC? - page 2. (Read 1928 times)

legendary
Activity: 1190
Merit: 1001
October 07, 2017, 05:25:03 AM
#9
can i ask question
how you got initial 0.37 BTC ?  to invest in btc ,

Approximate how many years its takes to convert 0.37 into 3 its about 10x
It will be a success story for us
full member
Activity: 325
Merit: 101
October 07, 2017, 03:46:40 AM
#8
Sell the amount of bitcoin enough about what money you want and try trading with that you can loose and will not affect you mental power.
p.m me i will tell you about tax.
hero member
Activity: 854
Merit: 500
October 04, 2017, 11:07:55 AM
#7
1. Gambling is very immature and you will end up losing your money
2. You can sell coins through indian exchanges such as CoinSecure, Unocoin etc.

member
Activity: 392
Merit: 10
October 03, 2017, 07:21:00 AM
#6
I would not recommend u to sell, instead u can trade them on popular exchanges doing systematic investment and when u grow up, may be adult and have ur pad card and other details u canvery well withdraw them, selling is something which i dont recommend. u can buy eth, neo, ltc and diversift your investment.
member
Activity: 67
Merit: 10
https://www.facebook.com/shamim.ansari.7334
October 03, 2017, 04:44:25 AM
#5
lol the fear that police will catch him! he is definately in 12th lmao!
Man sell on local bitcoins! for cash goodluck. And dont sell all
member
Activity: 122
Merit: 13
October 02, 2017, 05:26:12 AM
#4
Namaskar Doston.
I am an Indian studying in 12th standard ( Arts stream ). I have 3 BTC and i want to cash it out to my bank account? I think 3 BTC will be 3*2.8 = 8.4 Lac in INR. If i cash put then will police catch me? I initially had 0.37 BTC and i gambled and gambled on cloudbet and managed a total of 3.04 BTC.
Is it legal for me to cash out? How do i cash out? will i have to pay any tax? How i pay tax for it? I am student and i don't know much about tax , how and where to pay.
Please guide me, i am hoping to take admission in good college in india for my Bachelor.

Dhanyawaad.


You can sell it on zebpay, you need a pan card for the same and any Indian can get a Pan card irrespective of AGE.
you have to pay tax on it as it is your income
my suggestion dont sell it in one go and sell yearly so that you stay under 2.5 lacs/ yea limit for filing ITR,
or u can take help of your friends , parents and sell it through thr account
or sell it for cash but do make transactions at a public place and dont transfer btc until u have cash in hand and counted.

I have withdrew the idea of selling my coins and am thinking on trading them , currently they are worth 13000$ and i am thinking to start trading to take it to 1 MIL.
What you think? is it a good idea?
yeah $13000 to $1000000   sounds great but very very difficult and unrealistic.
$13000 to $ 0 is possible too as being greedy makes you take reckless decisions. good luck
newbie
Activity: 30
Merit: 0
October 01, 2017, 10:31:06 PM
#3
Namaskar Doston.
I am an Indian studying in 12th standard ( Arts stream ). I have 3 BTC and i want to cash it out to my bank account? I think 3 BTC will be 3*2.8 = 8.4 Lac in INR. If i cash put then will police catch me? I initially had 0.37 BTC and i gambled and gambled on cloudbet and managed a total of 3.04 BTC.
Is it legal for me to cash out? How do i cash out? will i have to pay any tax? How i pay tax for it? I am student and i don't know much about tax , how and where to pay.
Please guide me, i am hoping to take admission in good college in india for my Bachelor.

Dhanyawaad.


You can sell it on zebpay, you need a pan card for the same and any Indian can get a Pan card irrespective of AGE.
you have to pay tax on it as it is your income
my suggestion dont sell it in one go and sell yearly so that you stay under 2.5 lacs/ yea limit for filing ITR,
or u can take help of your friends , parents and sell it through thr account
or sell it for cash but do make transactions at a public place and dont transfer btc until u have cash in hand and counted.

I have withdrew the idea of selling my coins and am thinking on trading them , currently they are worth 13000$ and i am thinking to start trading to take it to 1 MIL.
What you think? is it a good idea?
member
Activity: 122
Merit: 13
September 29, 2017, 09:26:24 AM
#2
Namaskar Doston.
I am an Indian studying in 12th standard ( Arts stream ). I have 3 BTC and i want to cash it out to my bank account? I think 3 BTC will be 3*2.8 = 8.4 Lac in INR. If i cash put then will police catch me? I initially had 0.37 BTC and i gambled and gambled on cloudbet and managed a total of 3.04 BTC.
Is it legal for me to cash out? How do i cash out? will i have to pay any tax? How i pay tax for it? I am student and i don't know much about tax , how and where to pay.
Please guide me, i am hoping to take admission in good college in india for my Bachelor.

Dhanyawaad.


You can sell it on zebpay, you need a pan card for the same and any Indian can get a Pan card irrespective of AGE.
you have to pay tax on it as it is your income
my suggestion dont sell it in one go and sell yearly so that you stay under 2.5 lacs/ yea limit for filing ITR,
or u can take help of your friends , parents and sell it through thr account
or sell it for cash but do make transactions at a public place and dont transfer btc until u have cash in hand and counted.
newbie
Activity: 30
Merit: 0
September 29, 2017, 07:30:35 AM
#1
Namaskar Doston.
I am an Indian studying in 12th standard ( Arts stream ). I have 3 BTC and i want to cash it out to my bank account? I think 3 BTC will be 3*2.8 = 8.4 Lac in INR. If i cash put then will police catch me? I initially had 0.37 BTC and i gambled and gambled on cloudbet and managed a total of 3.04 BTC.
Is it legal for me to cash out? How do i cash out? will i have to pay any tax? How i pay tax for it? I am student and i don't know much about tax , how and where to pay.
Please guide me, i am hoping to take admission in good college in india for my Bachelor.

Dhanyawaad.
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