Cryptocurrency and Taxation Policy in India

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Accordingly, the income tax authorities may choose to tax the gains from bitcoins under the head “Income from other sources”. Further, if the income gets taxed under “Income from other sources”, the taxpayer would have to pay taxes at a rate as applicable to the tax slab he falls under.

0:00 - Intro
1:02 - Crypto regulation over the world
2:18 - Classification of taxes
3:31 - Capital Gains Tax
5:45 - Cryptocurrency as a commodity
6:37 - Cryptocurrency as goods
9:38 - Cryptocurrency as a currency
12:07 - Outro

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