Help required regarding taxes in india

[Sarveshjagga]

Guys, kindly help me i have few queries.

I am adding money in dollars from international website and sometime's sell on indian exchanges seeing high price than international sites. So i again take in bank from indian exchange and buy dollars from international website and use to buy crypto currency exchange.

Please tell me one thing is it legible to show the investment in dollars to buy bitcoins right ? or i will have to pay tax on the total money i received from indian exchange.

[1714029416]

1714029416

[1714029416]

1714029416

[Blackshadow007]

Guys, kindly help me i have few queries.

I am adding money in dollars from international website and sometime's sell on indian exchanges seeing high price than international sites. So i again take in bank from indian exchange and buy dollars from international website and use to buy crypto currency exchange.

Please tell me one thing is it legible to show the investment in dollars to buy bitcoins right ? or i will have to pay tax on the total money i received from indian exchange.

As far i know you have to keep record of your activity and then in the end of year go to your CA and explain it and you should pay tax on the earning not the whole amount . But i am also excited to know about more details from someone who is dealing with it currently .

[dongamk]

Here you go: https://imgur.com/a/rJAbn
Easiest way to understand taxation.

[Greendays]

If you are doing all in taxable income. Then it is better to cosult legal advisors. They charge nominal but provide you better direction.

[gopaljiverma]

I do not think you will be able to do these calculations correctly without the help of CA. If you are doing this on large scale, it is better to consult a CA and he will charge some monthly fee for this.