Bitcoin trading likely to attract Income Tax, 18% GST: Reports
Shortpedia
Content Team
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Government is contemplating to levy income-tax (I-T) and GST at the rate of 18% on gains and trading of bitcoins or related cryptocurrencies, a report said. Ahead of the presentation of Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the Budget session of Parliament, as has been reported by several media publications, the report further added that both the taxes will be levied for the current fiscal year.
