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By: Ayansh FINsights | April 08, 2018

There has been a lot of talk around Cryptocurrency / Digital Assets in the past few months - be it for the kind of swings observed in the prices of these assets, or be it the statements issued by various authorities.


To begin with let's go through some of the announcements and statements from some key people in respect of dealing in Cryptocurrency in India followed by a plain interpretation of these statements and lastly, we will cover our view on it.

RBI Cryptocurrency announcements (Image for representational purpose only)

By: Ayansh FINsights | February 03, 2018

Individual/HUF/AOP/BOI/AJP not being Senior or Super Senior CitizensRate applicable
Taxable Income upto Rs. 2.5 lakhs Nil
INR 2,50,001 to INR 5,00,000 5%
INR 5,00,001 to INR 10,00,000 20%
More than INR 10,00,000 30%
Senior CitizensRate Applicable 
Taxable Income upto Rs. 3 lakhs Nil
INR 3,00,001 to INR 5,00,000 5%
INR 5,00,001 to INR 10,00,000 20%
More than INR 10,00,000 30%