Corporate TaxArticle·27 July 2026
BITCOIN income as a service income
By J the App
Executive Summary
The ITAT Chandigarh Bench held that bitcoins received as referral commission for business support services represent professional service income eligible for presumptive taxation under Section 44ADA.
The Tribunal directed the Assessing Officer to compute income at 50% of the gross receipts while upholding the validity of the reassessment proceedings.
Domain | Corporate Tax | Direct Tax
Background
The assessee had not filed a ...
Read the full article in the app
This is a premium article. Download J the App to read the complete content.