itcoin taxation: Only Rs 33 lakh income tax liability on Rs 6.64
bitcoinhttps://newsx.fun/wp-content/uploads/2024/12/bitcoin-taxation-only-rs-33-lakh-income-tax-liability-on-rs-6-69-crore-gain-by-selling-bitcoin-for-an-infosys-employee-rules-jodhpur-itat.webp
An ex-Infosys employee recently won a case against the income tax department when he sold his Bitcoin bought for Rs 5 lakh at Rs 6.69 crore. This case, whicbiycoint
h was heard at Jodhpur income tax appellate tribunal (ITAT) is a landmark case where it was decided that this person should be allowed to pay a lower rate of tax (20%) on his profit from sale of Bitcoin and also claim Rs 4.95 crore as income tax exemption under section 54F.
