Crypto Currency Profit Tax Rate in Income Tax for the F Y-2021-22
This query is : Resolved
01 August 2022
Cryptocurrency for the F Y-2021-22 In Income Tax Returns Under Which Head have to Shown and How much % Tax Rate Applicable of this . for the F Y-2021-22. can i Shown Under Short Term and Long term as a Equity. Please give the of your Valuable Suggestion about this Sir
02 August 2022
Though the taxability of cryptocurrency was not clear till MARCH 2022, but as per new section inserted in the bill, Sec. 115BBH.... the cryptocurrencies are classified as a capital asset for the purpose of taxation and hence, income under the head capital gain will arise on transaction of the same.
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