{"id":889958,"date":"2024-12-21T09:32:39","date_gmt":"2024-12-21T04:02:39","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=889958"},"modified":"2024-12-21T09:37:50","modified_gmt":"2024-12-21T04:07:50","slug":"bitcoin-taxation-this-lesser-known-rule-cut-a-techies-tax-liability-to-just-%e2%82%b933-lakh-on-%e2%82%b96-64-crore-in-crypto-gain","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/21\/bitcoin-taxation-this-lesser-known-rule-cut-a-techies-tax-liability-to-just-%e2%82%b933-lakh-on-%e2%82%b96-64-crore-in-crypto-gain\/","title":{"rendered":"Bitcoin Taxation: This lesser-known rule cut a techie\u2019s tax liability to just \u20b933 lakh on \u20b96.64 crore in crypto gain"},"content":{"rendered":"<p>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. <\/p>\n<p>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 \u20b94.95 crore as income tax exemption under section 54 F.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u20b94.95 crore as income tax exemption under section 54 F.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-889958","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/889958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=889958"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/889958\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=889958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=889958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=889958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}