Earnings from Bitcoin will be taxed: CBDT chief

Earnings from Bitcoin will be taxed: CBDT chief

Bitcoin

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CBDT chief said 'Those who have earned from Bitcoin would have to give tax. Their source of income would also be asked and if they don't pay tax, action will be taken against them'

The chief of Central Board of Direct Taxes (CBDT) Sushil Chandra said that those who have earned from Bitcoin will have to pay taxes and they will also have to declare their source of income.

He said that action will be taken against them if they do not pay their tax.

CBDT chief said " Those who have earned from Bitcoin would have to give tax. Their source of income would also be asked and if they don't pay tax, action will be taken against them".

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