Cryptocurrency Q&A
What is the tax on Bitcoin in India?
What is the tax on Bitcoin in India?
Davide
Thu Dec 19 2024
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5
answers
973
I'm considering investing in Bitcoin, but I'm not sure about the tax implications in India. I want to understand the tax rate applicable to Bitcoin transactions in India.
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5 answers
SamsungShine
Sat Dec 21 2024
Capital Gains Tax has undergone significant changes with the introduction of specific cryptocurrency tax laws by the government.
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Carlo
Sat Dec 21 2024
Effective April 1, 2022, these new regulations have altered the taxation of profits derived from the sale of cryptocurrencies.
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Caterina
Fri Dec 20 2024
Prior to this date, the taxation of cryptocurrency gains may have been less clearly defined, leading to some degree of uncertainty among investors.
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ZenBalanced
Fri Dec 20 2024
However, as of April 1, 2022, any profits realized from the sale of cryptocurrencies are now subject to a flat tax rate of 30%.
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Emanuele
Fri Dec 20 2024
This rate applies universally to all gains made from crypto sales, providing a clear and consistent framework for taxation in this area.
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