Posts
avatar
CA Nitin Kaushik (FCA) | LLB

₹5 lakh of Bitcoin became ₹6.69 crore. An ITAT ruling then allowed a ₹4.95 crore Section 54F exemption. But this is not a current crypto tax loophole. The case involved a 2020-21 sale, before India’s 30% VDA tax regime. The taxpayer had bought Bitcoin for about ₹5.05 lakh in 2015-16 and held it for years. Today, VDA gains are taxed at 30%, with only the cost of acquisition deductible. Section 54F cannot shelter current VDA gains. So the important distinction is: Pre April 2022 tax treatment ≠ today’s crypto tax regime. A 2024 ITAT ruling should not be presented as a 2026 tax strategy. #Bitcoin #CryptoTax #ITAT #IncomeTax

coin
BTC/USDT
78,275.8
+1.08%

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment