I think Bitcoin and taxes can be something tricky for businesses. Here in the US, Bitcoin is legally treated as a commodity. When you sell Bitcoin for dollars, it's a taxable event because of capital gains tax. Then there's short term capgains vs. long term capgains. You can save money if it's long term.
It's kind of a mess having taxable events every time you make a sale. So I think the prevailing strat is to have a Bitcoin account "treasury" that you don't ever sell. You just hold it and let it grow. Hold it for 10+ years to get the long-term capital gains tax rate.
But I don't know how taxes work in India so I can't really help you there.
I think Bitcoin and taxes can be something tricky for businesses. Here in the US, Bitcoin is legally treated as a commodity. When you sell Bitcoin for dollars, it's a taxable event because of capital gains tax. Then there's short term capgains vs. long term capgains. You can save money if it's long term.
It's kind of a mess having taxable events every time you make a sale. So I think the prevailing strat is to have a Bitcoin account "treasury" that you don't ever sell. You just hold it and let it grow. Hold it for 10+ years to get the long-term capital gains tax rate.
But I don't know how taxes work in India so I can't really help you there.