<p>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.</p>

<ol>
<li>Is this profit taxable in India?</li>
<li>If so, how is it calculated? Selling price in INR minus buying price in USD to INR = capital gains?</li>
</ol>

CC BY-SA 3.0
2017-09-09T02:05:49.387Z
I'm afraid you should be asking in an Indian financial forum, not a Bitcoin one
Cedric Martens
CC BY-SA 3.0
2017-09-15T12:35:37.640Z
I'm voting to close this question as off-topic because it needs to asked in a local indian forum, not here.
MCCCS
<taxes><arbitrage>
Cryptocurrency arbitrage taxes in India
Vishal Jadhav
# Cryptocurrency arbitrage taxes in India

(Asked by: username_0 on 2017-09-08)

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?

**Tags:** taxes, arbitrage

> **Comments:**
> **username_1**: I'm afraid you should be asking in an Indian financial forum, not a Bitcoin one  
> **username_2**: I'm voting to close this question as off-topic because it needs to asked in a local indian forum, not here.  

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## 0 answers

