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Author Topic: I-T Department asking for Following details (Source Unknown)  (Read 98 times)
newinbtc (OP)
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December 22, 2017, 05:48:53 PM
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the point is they are asking for investment of people of bitcoin and other altcoins from period 1-1-2016 to 31-12-2016
Everyone know bitcoin price rose from last year

yes bitcoin profit is taxable in india , read cleartax story - https://cleartax.in/s/bitcoins-taxes-india


For eg, if his taxable income exceeds Rs 10 lakh, he would be liable to a tax @ 30% as against the flat rate of tax of 20% he would be liable to pay, if charged to tax under long-term capital gains. The benefit of indexation as would be available if taxed under capital gains , would also not be available if taxed under Income from other sources.
btcblockchain
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December 25, 2017, 09:08:57 AM
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One more Article on Bitcoin Taxation http://www.moneycontrol.com/news/business/markets/worried-about-tax-on-bitcoin-heres-a-closer-look-at-cryptocurrency-taxation-outside-india-2467251.html
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