Topic: What should I mention under tax filing for bitcoin earning via mining? (Read 148 times)
January 16, 2018, 04:09:24 AM
Bitcoin earnings comes under professional consultancy u can pay tax accordingly as per the tax slabs
January 16, 2018, 02:56:41 AM
Please understand that these contract mining are not actual mining contracts and are called cloud mining.
You might be better off putting it as simple cloud-mining or simply bitcoin investment and pay 30% short term gain on them
Though, please make sure with a CA or a lawyer
You might be better off putting it as simple cloud-mining or simply bitcoin investment and pay 30% short term gain on them
Though, please make sure with a CA or a lawyer
This is correct and best is to consult the CA who have idea about bitcoin. Though now most of the good CA have already know about btc and even it is clear that 30% of the tax needs to be paid on short term profit which is sold within 3 years . So better to let them know your exact contract and they will help you out.
January 15, 2018, 06:00:33 PM
Please understand that these contract mining are not actual mining contracts and are called cloud mining.
You might be better off putting it as simple cloud-mining or simply bitcoin investment and pay 30% short term gain on them
Though, please make sure with a CA or a lawyer
You might be better off putting it as simple cloud-mining or simply bitcoin investment and pay 30% short term gain on them
Though, please make sure with a CA or a lawyer
January 14, 2018, 08:31:07 AM
Why dont you consult a CA for this. Anyway you are going to pay him for filling your taxes, he will give this advice for free I guess.
January 14, 2018, 08:01:15 AM
I'm earning a bit high bitcoin every day and what should I mention for the earnings I earn while doing tax filing. Plz help me what do I mention.
I have around 300 ths bitcoin lifetime contract
I have around 300 ths bitcoin lifetime contract
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