Bitcoin News

Profits from Bitcoins to be taxed between 20% and 30% in India

The windfalls that the Bitcoin investors have been making may soon be under the taxmen’s radar as IT department is planning to tax it between 20% and 30% depending upon the holding period of such investments.

 

While this is being seen as a burden by many investors, but this also raises hope as a lot of skepticism about illegality of trading in cryptocurrencies can be put at rest as anything illegal (which is what many people suspected) would not be taxed!

 

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