https://www.taxtmi.com/article/detailed?id=9677 Bitcoin taxation hinges on classification: in India bitcoins are not legal tender and are unlikely to be goods or securities for GST, so trading and intermediary activities are treated as services attracting GST (often proposed on margins). For income tax, gains may be capital gains if held as investments or business income if trading is substantial and frequent; character determines tax rates, holding period treatment, loss set off rules, and disclosure obligations in ITR 2/ITR 3. International regimes differ, with jurisdictions treating crypto as property, commodity, intangible asset, or offering holding period exemptions. en-us Thu, 11 Feb 2021 06:01:39 +0530 Thu, 11 Feb 2021 06:01:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9677 Bitcoin taxation hinges on classification: in India bitcoins are not legal tender and are unlikely to be goods or securities for GST, so trading and intermediary activities are treated as services attracting GST (often proposed on margins). For income tax, gains may be capital gains if held as investments or business income if trading is substantial and frequent; character determines tax rates, holding period treatment, loss set off rules, and disclosure obligations in ITR 2/ITR 3. International regimes differ, with jurisdictions treating crypto as property, commodity, intangible asset, or offering holding period exemptions. Articles Income Tax Thu, 11 Feb 2021 06:01:39 +0530 https://www.taxtmi.com/article/detailed?id=9677