crypto tax

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Before FY 2022-23, cryptos were not specifically taxed under the Income Tax Act, and most people profitably cashed out their crypto holdings by showing them as capital gains or business income and paying the appropriate tax. Hence, with the…

Majority of the active crypto traders have issues with recent tax implementation, claims WazirX and Zebpay, citing their Trader Sentiment Survey. The survey included about 9,500 respondents throughout the country. The domestic exchanges…

The Indian crypto industry has had its own share of ups and downs over the last few years. Even after the reversal of the banking ban on cryptos by the Supreme court of India, the industry struggles to get banking access. The industry has…

New Delhi: The price of Bitcoin fell back below $30,000 after a modest climb Thursday. Bitcoin has been floating across $30,000 over the last few days as crypto and stock markets have struggled to recover from multiple losses for the past…

The government is working on an FAQ on taxation of cryptocurrencies, which will give a nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said. The set of Frequently Asked Questions…

When India’s government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines. But it’s…

The Indian government has tightened bolts for trading in cryptocurrencies. Right from taxation on crypto gifts to prohibiting hedge of loss in cryptocurrency with gains of another digital asset. In simple words, a loss from…