Cryptocurrency Tax Advisor | CA in Mumbai | USDT Arbitrage | P2P Trading TDS | Recover Money from Crypto Scams
Last year during the Financial Budget of 2022, India introduced crypto taxation for the first time and brought all cryptocurrencies under the definition of virtual digital assets (VDAs). During the current budget, there was no changes about crypto but some new amendments were later discovered…
Why crypto traders are receiving FEMA notices? Many Crypto Traders engaged in USDT Arbitrage Trading are receiving FEMA notices. Many of these traders are receiving notices for transactions done back in FY 2017-18. And in all the cases these traders had used LRS scheme to…
In India, the tax rules for cryptocurrencies are still evolving. However, as of 2022, the Indian tax department has issued guidelines stating that cryptocurrencies are to be treated as capital assets and are subject to capital gains tax. This means that starting from Financial Year…