Bitcoin Taxation: This lesser-known rule cut a techie’s tax liability to just ₹33 lakh on ₹6.64 crore in crypto gain

Bitcoin taxation case: An ex-Infosys employee recently won a case against the Income Tax department after the Jodhpur income tax appellate tribunal (ITAT) decided that the cryptocurrency (Bitcoin) sold by the person was a capital asset.

The ITAT stated that the person should be allowed to pay a lower tax rate (20 per cent) on his profit from the sale and claim ₹4.95 crore as income tax exemption under section 54 F.