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Updated : January 16, 2021 12:17 PM IST
According to regular income tax parlance, the tax implications on cryptocurrencies should depend on the investment s nature, whether held as a currency or held as property.
Hence, there are no clear rules defining taxability when it comes to bitcoins, which calls for specific clarification from the Income Tax (I-T) department.
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Bitcoins, as of now, have not been given the status of legal tender in India by the Reserve Bank of India (RBI). Hence, there are no clear rules defining taxability when it comes to bitcoins, which calls for specific clarification from the Income Tax (I-T) department. ....

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