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…

Blockchain and Accountancy - 2021 Blockchain gained phenomenal recognition with the proliferation of Cryptocurrencies. The technology is revolutionary with the concept of decentralized database and distributed trust. The revolutionary technology is just around the corner to impact each aspect of our life – Banking, Finance,…

Today's article is on How to recover your money from Cryptocurency Scams - 2021. We will cover how we can help and how you can recover scammed or stolen bitcoin cryptocurrency yourself - DIY (Do it yourself) method Cryptocurrency Scams & Frauds are very serious…

Can you achieve high volume USDT Arbitrage India via OTC? To answer that question, Let us first understand, What is OTC in the context of Bitcoin and Cryptocurrency? Over-The-Counter or OTC Trading in the context of Bitcoin and Cryptocurrency, are private deals for buying or…

We are accepting Audit Engagements for Crypto Exchanges in India. We have already been appointed as Auditors for Two of India's Largest Crypto Exchanges. We deal with all mandatory compliances that are required by a private limited company. Statutory Audits are audits mandated by a…

You have a Potential Tax liability on Cryptocurrency in India if you have engaged in any of the following activities: Traded Cryptocurrency in an exchange Earned Cryptocurrency from mining Received Cryptocurrency as a gift or inheritance Used a foreign Cryptocurrency exchange Invested in or issued…

Tax Loss Harvesting in Cryptocurrency – Introduction, How it works and Things to keep in mind What if you could take advantage of a fall in the value of the Cryptocurrency in your portfolio? Are you wondering how it is possible? Yes and it is called…

Following are the Nine Tax Planning ideas through your family that can help you lower your income tax paid to the Government. If you need any assistance with tax planning in general or for any specific topic below then you may get in touch here…

This article is Advance Tax Guide for Cryptocurrency Traders and Investors: What is it? When to pay? Why to pay? How to pay? Due dates for payment and Interest and Penalties levied on non-payment of Advance Tax and more... The Taxation system in India is…

One of my clients recently reached out to me with a unique situation. His inquiry was primarily around Capital Gains Tax in Redevelopment His case details as follows: My father had purchased a pagdi room in the 1968 in Mumbai suburbs. Building went into redevelopment…

Unlike many accountancy firms in India we are taking on cryptocurrency tax clients and have been doing so since 2017. We specilaise in Cryptocurrency Accounting & Cryptocurrency Tax Advice. Cryptocurrencies are becoming increasingly popular as part of an investment portfolio for individuals. Despite this, the…

This is quick post wherein I will be putting the list of issues with New Income Tax Portal. This post is WIP (work in progress) and will be updated at regular intervals: DISCLAIMER The contents of this article are for information purposes only and do…

In this article, we shall discuss why Enforcement Directorate (ED) notice to WazirX is an eye-opener to Crypto Traders. Basically, cryptocurrency traders engaging in Wire transfers and P2P transactions are now getting exposed and vulnerable. First the background, the enforcement directorate (ED) has issued a…

Recent ED notice to Wazirx has prompted me to write this article about Crypto Traders & Money Laundering India. The Enforcement Directorate (ED) notice to WazirX highlights the risks Cryptocurrency traders face unknowlingly violating the FEMA and PMLA (Prevention of Money Laundering Act). PMLA is…

Latest RBI Stand On Cryptocurrency / Bitcoin - June 2021 On the backdrop of a blanket ban on cryptocurrency in China, some leading Indian banks had recently sent out cautionary emails to their customers warning them against dealing with cryptocurrencies / bitcoin. Dear Customer, Greetings…

In this post I will be covering indepth analysis of HUF and how to use HUF for Tax Planning. Stay with through the end of this long article and all your questions would be answered. If you just want to see the steps for HUF…