What is tax on Bitcoin in India?

Sachin Mishra

Last Update 2 jaar geleden

The Central Board of Direct Taxes (CBDT) has already announced that people who made money out of the bitcoin must declare and pay the relevant tax.

The department is all set to send legal notices to those who refuse to comply with the laws. The government is still inclined towards making bitcoin completely illegal and is awaiting suggestions from the committee appointed for this purpose. Even if it may not be abolished altogether, there will be some kind of a regulator and set tax rate slabs.

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