TheQuint ranks amongst the top news media agencies in India as a popular digital news publication. It was founded by some of the biggest names from the Indian news media industry. In the past they have ran a story on my journey with Bitcoin and Steemit.
They have also approached me for a comment in another piece titled: Still Unregulated, Bitcoin Trade From India Jumps in Global Market!
I've been continuing my efforts on spreading the word about Steemit in India. Today, my article on filing your income earned via Bitcoin was published by TheQuint. Read it Here!
The following part of my article mentions Steemit. If you love using Steemit, then reading the entire article will give you a good insight into matters of accounting and taxation surrounding digital currencies.
In my time investing in cryptocurrencies in India, I've come across several hurdles with respect to taxation. There is so much ambiguity in this space resulting from ignorance. But mostly, it's due to the lack of any official guidelines, from any government agency dealing with matters of money, that confuses people and complicates matters.
After a lot of research, meeting different tax consultants and income tax officials, I have narrowed it down to 4 ways that you can file your returns to avoid running into the authorities for not disclosing your Bitcoin profits or income derived via cryptocurrency.
If you are from India, I strongly recommend that you take 5 minutes to read my article on TheQuint and familiarise yourself with the nuances of filing your returns. I'm sure that it will clear your doubts and make it easier for you to proceed with blogging and earning on Steemit, and withdrawing your income via Bitcoin to your bank account in India.
If you have any questions, please leave me a comment below.
Disclaimer: This is my personal experience and is not to be treated as a financial and/or accounting advice.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
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