Which IT form need ro fill for cryptocurrency?

Taxation
1

Hi
I don’t trade but hold, few cryptocurrency which IT form need to be fill.

I am from salary class.

Thanks

2

@Quicko Can You?

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Which exchange have you bought it from?

INDIAN - FOREIGN?

4

India

5

Hey @amanmourya

Any income arising from Bitcoin trading activity will be treated as income from Business and Profession. So any profits earned would be subject to tax as per the individual tax rates. Since you are a salaried individual, you will have to file ITR 2.

To understand more about the taxability of Bitcoin, please refer to this article.

Hope this helps! :slight_smile:

1 Like
6

I hope there won’t be a lot of strict regulations on cryptocurrencies in India in the future. The US government is already jeopardizing a class of crypto by classifying them as securities. Find out more here: