Crypto Currency Profit Tax Rate in Income Tax for the F Y-2021-22

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D.SRINIVASULU REDDY (Querist)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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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