Quote from: anad98 on May 21, 2018, 04:44:56 AM

Profits from trading through cryptos comes under the earning from capital gain and can be of short term capital gain or long term capital gain. if you earned profit by keeping your investment for more than 1 year your income will be tax free.

Nope. I think that's not right.

LTCG is applicable for these assets
A) immovable assets/property ( land, building and house ) - if held for more than 24 months ( before FY 2017, it was 36 months )
B) movable assets ( jewellery , gold , etc ) - if held for more than 36 months
C) equity/bonds/ securities ( held for more than 12 months )

Exceptions on taxation are applicable -
For A under certain scenarios ( eg : selling a land/property to buy another land /property , sale of agricultural land etc * Some conditions apply. )
For C) from 2018 - if gains are more than 1 Lakh , else it is flat 10% tax

Crypto-currencies does not fall under the exemption category of LTCG.