Try GOLD - Free
Bitcoin profits even before VDA rules to be treated as capital gains
The New Indian Express Mangaluru
|December 17, 2024
IN a first of its kind legal dispute over taxation of bitcoins, the Jodhpur Income Tax Appellate Tribunal (ITAT) has ruled that gains for sale of bitcoins even before the introduction of virtual digital asset (VDA) regime in 2020 should be treated as capital gains for the purpose of taxation.
The ITAT order says that even though Bitcoin is intangible, it qualifies as a capital asset since it grants ownership rights and can be bought, sold, or transferred.
This story is from the December 17, 2024 edition of The New Indian Express Mangaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Mangaluru
The New Indian Express Mangaluru
Canada got intel on Nijjar’s killing from UK: Report
A new documentary has claimed that British spy call intercepts helped Canada draw alleged links between India and the 2023 killing of Khalistani separatist Hardeep Singh Nijjar.
1 min
November 09, 2025
The New Indian Express Mangaluru
'The Industry Slowly Isolated Me'
Anurag Kashyap speaks to Shama Bhagat about his passion for cinema, why Bollywood shunned him, and his foray into acting
3 mins
November 09, 2025
The New Indian Express Mangaluru
Portrait of an Ordinary Man
This deceptively simple novel explores how much of love, or life, is ever skin-deep
3 mins
November 09, 2025
The New Indian Express Mangaluru
Calorie Catalyst
TECH TONIC
1 min
November 09, 2025
The New Indian Express Mangaluru
Breaking the Web of Illusion
True knowledge, logic, and self-discipline form the triad of human fulfilment, freeing the mind from ignorance and delusion
3 mins
November 09, 2025
The New Indian Express Mangaluru
Gruha Lakshmi beneficiaries can soon get up to ₹3 lakh loan
IN a major move aimed at empowering women economically, Karnataka's flagship Gruha Lakshmi scheme, which has already benefited millions of women across the state, is set to gain a new dimension.
1 min
November 09, 2025
The New Indian Express Mangaluru
A Phoenix for a Burning Nation
The narrative brings to life a quiet hero who rises from his own pyre to rekindle India's moral flames
3 mins
November 09, 2025
The New Indian Express Mangaluru
SHOOTING STAR WHO LIT UP SCREENS & LIVES
NE of the best times I have had at the movies was watching a newly-restored print of Ritwik Ghatak's 1958 film Ajantrik (known variously in English as The Mechanical Man or The Pathetic Fallacy) at the 2019 Pingyao International Film Festival in China.
2 mins
November 09, 2025
The New Indian Express Mangaluru
The Deadly Queue of Death and Indifference
One hundred and fourteen Indians have died this year.
3 mins
November 09, 2025
The New Indian Express Mangaluru
No headway in probe into death of 9-yr-old student at private school in Jaipur
EVEN eight days after the suicide of a nine-year-old student at a private school in Jaipur, the investigation remains inconclusive.
1 min
November 09, 2025
Listen
Translate
Change font size