27 December 2017
Dear Sir/Mam
If a person trading in bitcoin (cryptocurrency) and also receive the gain from it, so plz tell me at that time the gain from cryptocurrency trading is liable to pay the income tax or not, If yes so plz tell me the calcutaion on it.
27 December 2017
If they are held as capital gain, then treat it as capital gain. If they are held as stock in trade, then treat it as business income.
If you are an ordinary resident of India, then you will get the benefit of slab i.e no tax up-till total income of 2.5 Lakhs.
Computation- Normally. Net Sale price Less Net Purchase cost = Profit
Check indexation if held as capital asset and is held for more than 36 months.
CAclubindia
