Treatment of bit coin transaction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2018
ONE OF MY CLIENT HAS SOME BIT COIN TRANSACTIOB DURING PREV YEAR 17-18, HOW WE MAY TAKE THESE TRANSACTION IN ITR AND UNDER WHICH HEAD
30 July 2018
Treat it as capital gains.
Bitcoins held as investment being transferred in exchange for real currency are taxed under long term / short term depending on the holding period
Long term(>3 years) - Flat 20% tax
Short term(< 3 years) - Taxed according to your individual tax slab rate ((Applicable on your income))
Bitcoins held as investment being transferred in exchange for real currency are taxed under long term / short term depending on the holding period
Long term(>3 years) - Flat 20% tax
Short term(< 3 years) - Taxed according to your individual tax slab rate ((Applicable on your income))
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