Bitcoin
This query is : Resolved
David Rana
(Querist)
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)
25 September 2017
it will be taxed under capital gain as per the period of holding....
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David Rana
(Querist)
25 September 2017
Long term gain is exempt under section 10(38). will it also be exempted if it is hold for long term?
David Rana
(Querist)
25 September 2017
it means taxable rate is 15%. Period of holding does not matter in case of bit coin???????
Amol S Joglekar
(Expert)
25 September 2017
bitcoin long term capital gain is not exempt.
David Rana
(Querist)
26 September 2017
OK holding period is same as in case of capital gain???
Amol S Joglekar
(Expert)
26 September 2017
yes, No special treatment like say shares...etc.
David Rana
(Querist)
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)
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.
LTCG : you can avail exemption, if any.
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