Cryptocurrency Q&A
What is the tax on Bitcoin?
What is the tax on Bitcoin?
WhisperEcho
Sat Nov 30 2024
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6
answers
1392
I'm curious about the tax implications of Bitcoin. Specifically, I want to know what kind of tax applies to Bitcoin transactions or holdings. Is there a specific tax rate or does it vary by situation?
6 answers
Martina
Sun Dec 01 2024
A 30% tax rate has been imposed on crypto gains since FY 2022-21.
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Paolo
Sun Dec 01 2024
The new ITR forms have incorporated a schedule for Virtual Digital Assets (VDA).
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Giuseppe
Sun Dec 01 2024
This schedule is specifically designed for reporting gains related to crypto and NFTs.
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EnchantedPulse
Sun Dec 01 2024
This flat tax rate applies to all income brackets.
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CryptoTitaness
Sun Dec 01 2024
Cryptocurrency profits are taxed equally, without distinction between short-term and long-term gains.
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