Lots of new age dynamic entrepreneurs reach out to us seeking help in starting cryptocurrency exchange in India 2024. Cryptocurrencies are a huge opportunity for those who are planning to make some financial benefits from them. They are options like mining Cryptocurrencies like Bitcoin, Ethereum,…

Tax Reporting Tool by Binance. Will it help Indian Crypto Investors? 2021. Binance’s Tax Reporting Tool will be available from 28th July, 4:00 AM UTC. Binance users will be able to access the Tax Reporting Tool via “Account” and “API Management” on both the Binance…

Many people are confused as to Which ITR form should be filed by Crypto Trader in India 2021. If you are trading Bitcoin, Dogecoin, ETH or Matic then you are liable to pay Income Tax & Income Tax Return Filing rules to apply on your…

Disclose Crypto assets and income in tax returns OR face penal action Black Money has always been a point of concern for India and the government has been trying to deal with it for ages. Recognising the limitations under the existing legislations, the government enacted…

The intent of Government is always to make a simple law but sometimes the results are just the opposite. The same happens when an NRI claims the deduction on interest income. Lets see Implications of Section 80TTA for NRI - India 2024. For a resident,…

Today, I will discuss about a case which revolved around on Taxation of Gifts in India 2024. One of my clients reached out to me with the following query - I want to gift 5 lakhs from my tax paid income to my younger brother…

Non disclosure of any type of Income and Assets could have serious repercussions. Lets see what would be the Income Tax Implications for Non disclosure of Digital Assets India 2021. Many Cryptocurrency Traders and Investors are unaware that they need to disclose their holdings in…

We are in middle of Tax Filing season and so it would be a good idea to discuss Many benefits of filing Income Tax Return India 2021. Income Tax Filing in India is compulsory for individuals only when their taxable income is more than Rs…

How you can apply for a Nil Tax Certificate or Lower Withholding certificate in India? We will discuss the Easy Steps for getting Lower Withholding certificate India 2021. When a taxpayer believes that its total income justifies withholding of tax at a lower rate, it…

Before we understand the Income Tax Implications for Staking & Yield Farming in India, lets clear some basic fundamentals. Crypto staking is the act of holding a specific number of supported tokens for a period of time in the hope of earning rewards, and at…

Earning cryptocurrencies is not only about mining Bitcoin (BTC) anymore. You can earn crypto through staking as well. This article is meant as exhaustive Cryptocurrency Staking Guide India 2024 Bitcoin is a proof-of-work (PoW) blockchain where new BTC are generated through an energy-intensive process of…

Recent Cryptocurrency price rise is bringing many new crypto investors to the market. Below are the 7 Precautions for New Cryptocurrency Investors in India and they would be better off by carefully going over each of those aspects. I have written extensively about the regulatory…

How many different types of cryptocurrencies exists? As of date, 9th July 2021, there are 10808 Cryptocurrencies and 381 Crypto Exchanges. Core market share is dominated by Bitcoin 45.1% and Ethereum 17.7% Not all of the cryptocurrencies are reliable or can be considered fully functional…

Does Transfer of the cryptocurrencies to the international crypto wallets of the third parties fall under the ambit of the Benami Transactions? A plain reading of definition of Benami Transaction makes it seem plausible that the Transfer of the cryptocurrencies to the international crypto wallets…

Today we shall discuss about Capital Gains from Unlisted Shares India 2021. One of the clients was in possession of unlisted shares. He sold these unlisted shares and invested entire proceeds in buying his first ever residential property. His query was what kind of tax…

Recently, a client approached me wherein he had made substantial profits via Airdrops. This prompted me to write today's article focusing on How should Airdrops be Taxed in India? 2021 Airdrops are free coins that are sent to the wallet of an Cryptocurrency Trader or…

Most people dread about receiving Income Tax Notices and are in state of Panic when they receive one. Today we shall focus on Income Tax Notices and Assessment Proceedings India 2024. The 'assessment order' means computation of total income plus determination of tax. According to the assessee,…

Today we will discuss how one should go about to respond to Notice under section 148 of Income Tax Act India? Notice under section 148 can be issued within 4 years from the end of relevant assessment year if the income escaped does not exceed…

This article focusses on How Coin hard forks taxed India? 2024 Let's first understand what is Coin hard forks and how it could be taxed in India? A hard fork occurs when there is a split in a cryptocurrency’s blockchain. Bitcoin had a hard fork…

Lost Bitcoin - Can you claim a tax deduction in India? Today we will talk about the scenario wherein an investor or trader has lost bitcoin and whether he claim a tax deduction on that loss in India. Bitcoins could be lost in variety of…