What should I mention under tax filing for bitcoin earning via mining?

[bitcoinbabu]

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

[shailkumari]

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.

[chronicsky]

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

[newwest]

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

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.

[mybtcasset]

Bitcoin earnings comes under professional consultancy u can pay tax accordingly as per the tax slabs