1) Taxability of earnings, both profit and loss, in trading of Bitcoins & FX
2) What should be offered to tax?
a) At the time of arnings?
or
b) At the time of the withdrawal in INR of the part or full value of the earnings?
Menu
Trading in Bitcoin & Fx
Replies (1)
Summary: Crypto gains are taxed at a flat 30% (plus 4% cess) at the time of the transfer (sale, swap, or payment), not just when you withdraw to your bank account. You cannot deduct expenses (other than acquisition cost) or offset losses, and you must report all transactions in Schedule VDA of your ITR.
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
