top of page

Bitcoin And Its Taxability In India

Harshita Kothari, ICFAI Law School, Hyderabad


Cryptocurrency - Digital Payment system is been found interesting in the business world. Transaction through batter system to coin system during the British India to Paper currency and now online transactions using Cryptocurrency- has been evolved a lot. New different ways of paying have been introduced and a lot of people are accepting it as it is easy and way safer. One such payment system in this paper is discussed which is cryptocurrency specifically Bitcoin. We will be understanding its Taxability in India.

There are many questions that come to our mind when the word Bitcoin is considered like “What are the tax implications on bitcoins? Is It safe?” This article aims to answer these questions accurately and analyze the future of Bitcoin, especially in India. We understand the meaning of Bitcoin, how to obtain them, trade them and also how it will be taxed. On 28th March 2021 the Minister of State for Finance, Mr. Anurag Singh Thakur clarifies that “the gains resulting from the transfer of cryptocurrencies / assets are subjected to income tax based on the nature of their assets.” With the given statement we are now waiting for SEBI and RBI are to speed up the digital currency framework to regulate the digital space.

The project is a systematic presentation consisting of the timeline, collected facts or data, analysed facts and conclusions.


Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878


Accessibility: Open Access

License: Creative Commons 4.0

Submit Manuscript: Click here

Open Access Logo


​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.


The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

bottom of page