Cryptocurrency arbitrage taxes in India

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Suppose I buy cryptocurrencies in the U.S. and transfer to my or my parents' wallet in India and sell at a premium and make a profit.

  1. Is this profit taxable in India?
  2. If so, how is it calculated? Selling price in INR minus buying price in USD to INR = capital gains?

Vishal Jadhav

Posted 2017-09-08T07:02:40.203

Reputation: 11

Question was closed 2017-10-05T13:55:32.003

2I'm afraid you should be asking in an Indian financial forum, not a Bitcoin oneCedric Martens 2017-09-09T02:05:49.387

2I'm voting to close this question as off-topic because it needs to asked in a local indian forum, not here.MCCCS 2017-09-15T12:35:37.640

No answers