15 Crores Transferred to Savings Bank Account

If 15 Crores have been transferred to my bank account over 2 months period of time, what is my tax liability. This is not business income, this is P2P trading in CryptoCurrency ?

Replies (4)
Quick Summary
If you've received 15 Crores in your savings account over two months from P2P cryptocurrency trading, you'll likely face capital gains tax. The classification as capital gains versus business income depends on the regularity of your transactions. If it's not regular trading, it's treated as capital gains.

Capital Gain Tax is attracted.

Capital gains will arise

What if these are not bought or investments but earnings in cryptocurrency?

if regular transactions then it is business income. otherwise it is cap gain.

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