<p>Most of the Indian bitcoin businesses go by the analysis from Nisith Desai and Associates:<a href="https://www.zebpay.com/wp-content/uploads/2016/04/Bitcoins.pdf" rel="nofollow noreferrer">https://www.zebpay.com/wp-content/uploads/2016/04/Bitcoins.pdf</a></p>

<p>Bitcoin is unregulated in India(not illegal or legal) and only points of dealing with the sovereign currency(INR) are taxable. Rules vary depending on if you mine, earn, buy, invest, sell or spend your coins and also with the parties in the deal.</p>

CC BY-SA 3.0
2016-12-19T09:27:46.493Z
2016-12-19T09:27:46.493Z
Kang
<p>What is the tax regulation for Bitcoin in India? If I make profit out of Bitcoin, what percentage will I have to pay to the government?</p>

CC BY-SA 3.0
2016-06-17T11:13:43.670Z
Go through this link, it explains some of the legal stuffs: https://bensonsamuel.com/bitcoin-3/reserve-bank-of-india-regulations-on-bitcoin-in-india/
jgm
<taxes><india>
Government Taxes on Bitcoin in India
Sahil Paul
# Government Taxes on Bitcoin in India

(Asked by: username_0 on 2016-06-17)

What is the tax regulation for Bitcoin in India? If I make profit out of Bitcoin, what percentage will I have to pay to the government?

**Tags:** taxes, india

> **Comments:**
> **username_1**: Go through this link, it explains some of the legal stuffs: https://bensonsamuel.com/bitcoin-3/reserve-bank-of-india-regulations-on-bitcoin-in-india/  

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## 1 answers

### Answer by username_2 on 2016-12-19. Score: 1

Most of the Indian bitcoin businesses go by the analysis from Nisith Desai and Associates:<https://www.zebpay.com/wp-content/uploads/2016/04/Bitcoins.pdf>

Bitcoin is unregulated in India(not illegal or legal) and only points of dealing with the sovereign currency(INR) are taxable. Rules vary depending on if you mine, earn, buy, invest, sell or spend your coins and also with the parties in the deal.


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