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Capital gain on selling bitcoin
31-Aug-2023 (In Tax Law)
I have 4.5 lakh worth of bitcoin which i bought 5 years ago i have no other income do i still have to pay tax on the gains i made? What if I don’t pay tax as the transaction in my bank will just show a imps debit.
Well, as an Indian Citizen, it is mandatory for you to pay Income Tax if your Income keeps on exceeding the prescribed limit as per Income Tax Act, 1961. To know, How much Income Tax you have to pay, kindly get in touch soon.
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Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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