Tuesday, January 21, 2025

Income tax on Bitcoins: Will Budget 2025 hike tax on Bitcoin ETF to flat 30% from 12.5% currently?

A crucial question regarding tax implications arises for an Indian resident investing in Bitcoin ETFs in the US market. The issue is whether the capital gains arising from the sale of Bitcoin ETFs should be subject to taxation under Section 115BBH, Section 50AA, or Section 112 of the Indian Income Tax Act, 1961.

from Tax-Wealth-Economic Times https://ift.tt/H8t7BfY

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