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Cryptocurrency Gains May Be Taxed As Government Mulls Changing Income Tax Laws In Next Budget
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ndtv.comCurrently, there is no regulation or any ban on use of cryptocurrencies in the country.
The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said. Revenue Secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on the income from cryptocurrency, and in respect of Goods and Services Tax (GST) also the law is "very clear"
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