Cryptocurrency: By treating as capital gains which were taxed at 20 percent then, investors stand to save 10 percent. In this case, ITAT was hearing involved a person who bought cryptocurrencies worth ₹5.05 lakh in 2015-16 and sold them in 2020-21 for ₹6.69 crore, making a significant profit.
Can profit from cryptocurrency sale be taxed as capital gains? A guide to crypto taxation
livemint.com - 20 Dec 2024 10:44
Cryptocurrency: By treating as capital gains which were taxed at 20 percent then, investors stand to save 10 percent. In this case, ITAT was hearing involved a person who bought cryptocurrencies worth ₹5.05 lakh in 2015-16 and sold them in 2020-21 for ₹6.69 crore, making a significant profit.
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