Menu
Bitcoin taxation
Now a days, trading in bitcoin is common thing. But somebody plz explain how the income earned by way of trading of bitcoins willl be taxed under the income tax act..
Replies (1)
RBI has still not declared bitcoin as "currency". However, income generated by trading in bitcoin or any other cripto currency/virtual currency is taxable under income tax under normal business income.
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
