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Cryptocurrency for Rakhi 2023: Thinking of gifting Bitcoin, Ether to your sister? Key things you should know
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₹50,000 for various forms of gifting, including cryptocurrencies, this circumstance presents a viable avenue to offer gifts that promote financial empowerment through the integration of digital assets, added Edul. In India, cryptocurrencies are classified as virtual digital assets and are subject to taxation.
The gains from cryptocurrency are taxable in India. The government's stance on cryptocurrencies was clarified in the Union Budget 2022.
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