Income tax on Bitcoins: Will Budget 2025 hike tax on Bitcoin ETF to flat 30% from 12.5% currently?

Retrieved on: 2025-01-22 06:40:31

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Exchange-traded fund

Bitcoin

Cryptocurrency

Income tax in the United States

Capital gain

Income tax in India

Legality of cryptocurrency by country or territory

United States

India

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Income tax on Bitcoins: Will Budget 2025 hike tax on Bitcoin ETF to flat 30% from 12.5% currently?. View article details on hiswai:

Summary

The article discusses Bitcoin's rise to $100,000 following Trump's 2024 election and the introduction of Bitcoin ETFs offering alternative investment methods. It details tax implications for Bitcoin ETFs in the US and India, emphasizing sections of the Indian Income Tax Act. The key concept, "Bitcoin," aligns with tags regarding Bitcoin's role, taxation, and its legality in various regions.

Article found on: m.economictimes.com

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