1. Tell me about yourself? 2. What is the tax treatment of Crypto Currency? 3. Tax rate applicable on LTCG & STCG ? 4. Tax treatment of speculative & non speculative income.

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Accepted Answer

As an Income Tax Consultant, I can explain tax treatment of Crypto Currency, LTCG & STCG rates, and speculative & non-speculative income.

Crypto Currency is treated as capital asset and taxed accordingly
LTCG is taxed at 20% with indexation benefit, while STCG is taxed at slab rates
Speculative income is taxed as business income, while non-speculative income is taxed as capital gains
Losses from speculative income can be set off against any income, while losses from non-speculative income can only be set off against capital gains
Examples of speculative income include intraday trading, while examples of non-speculative income include equity shares held for more than a year

1. Tell me about yourself? 2. What is the tax treatment of Crypto Currency? 3. Tax rate applicable on LTCG &amp; STCG ? 4. Tax treatment of speculative &amp; non speculative income.

1. Tell me about yourself? 2. What is the tax treatment of Crypto Currency? 3. Tax rate applicable on LTCG & STCG ? 4. Tax treatment of speculative & non speculative income.