I do know about the other threads. However wondering if anything has changed after GST.
Gst has no effect on bitcoin trading fees as far i know.it is just everyone has to pay withraw fess from exchanges so there might be increment in that just like there is some increment in buying/selling using card transactions. 
Topic: Regarding taxes from regular trading. (Read 362 times)
I do know about the other threads. However wondering if anything has changed after GST.
several threads here point to filing taxes as you would equity income.
WA method is absolutely incorrect. all buy / sell trades are accounted for individually and profit/loss calculated.
WA method is absolutely incorrect. all buy / sell trades are accounted for individually and profit/loss calculated.
Wanted to ask a simple question.
Suppose I want to file my tax return from trading bitcoin.
Is it a good method to just make a weighted average between all the buys and sells I did and then calculate profit on that and pay taxes according to my tax slab?
Just started this year so please let me know if I'm missing anything.
I keep records of all my trades so have all the info on hand.(Although its quite a lot of data to process)
Thanks,
-J
Suppose I want to file my tax return from trading bitcoin.
Is it a good method to just make a weighted average between all the buys and sells I did and then calculate profit on that and pay taxes according to my tax slab?
Just started this year so please let me know if I'm missing anything.
I keep records of all my trades so have all the info on hand.(Although its quite a lot of data to process)
Thanks,
-J
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