Bitcoin

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David Rana (Querist)
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24 September 2017 I wish to know the taxability in case of bitcoin? please provide me the accurate taxability for it?

Amol S Joglekar (Expert)
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25 September 2017 it will be taxed under capital gain as per the period of holding....

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David Rana (Querist)
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25 September 2017 Long term gain is exempt under section 10(38). will it also be exempted if it is hold for long term?

RAJA P M (Expert)
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25 September 2017 No... It is treat as STCG...

David Rana (Querist)
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25 September 2017 it means taxable rate is 15%. Period of holding does not matter in case of bit coin???????

Amol S Joglekar (Expert)
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25 September 2017 bitcoin long term capital gain is not exempt.

David Rana (Querist)
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26 September 2017 OK holding period is same as in case of capital gain???

Amol S Joglekar (Expert)
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26 September 2017 yes, No special treatment like say shares...etc.

David Rana (Querist)
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26 September 2017 I mean to say that tell me the rate of tax in case of LTCG and STCG both? please provide ur kind assistance ?

Amol S Joglekar (Expert)
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27 September 2017 STCG : it will be added to your other income and taxed as per the slab rate.
LTCG : you can avail exemption, if any.

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