I have doing tax filing since year 2011 but this year it became horrible for me. I usually do tax return filing in July month after getting tax documents from my employer. As usual i did the same this year too. But in aug month I got a notice from tax dept with some transactions detail of Crypto purchase. Want to inform you that i did buy bitcoin and some other coins which i am still holding because now market is down. So basically there is no income from these transactions. Instead of tracking the income tax dept questioned me to explain why i didn't pay tax for Crypto transactions. I replied them mentioning the reason but they were not convinced and it was totally horrible experience for me. They asked me to visit their office along with all documents and evidences. I visited thier office with all the requisite documents and had a meeting and made them understand. But the problem is that they must understand if there is no income then why should I pay tax. From mid aug to early sep month was harrasment for me. From the time i received notice from tax dept and till the time i explained reason to them took almost 20 days of time and it was worst time for in tax filing till now since beginning. Though things are sorted now but i seriously hope next year i dont get something like this. This is my story @blocktrades

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