Under what tax are my earnings from exchange of Bitcoins to Indian Rupee included in

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RajarajanP

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India? I live in India. For instance if I make 10 Bitcoin a month, that would amount to Rs.7,18,900 (Exchange rate as on 30/11/13), which definitely exceeds any income tax limits. So how do I pay tax for this as an individual with only a savings bank account? Under what kind of tax does this type of earning fall?
 
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