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Introduction Cryptocurrencies also known as Virtual Digital Assets (VDAs) in Tax lingo, have emerged as leading digital assets facilitating online transactions for goods and services. Crypto traders actively seek to maximize their gains by capitalizing on the rising values of the cryptocurrencies they invest in.
Many clients who have been trading on WazirX have reported that they are getting Income Tax Notice for Crypto Sold on WazirX. These usually are sent as summons to assessee under section 131(1a) of the income tax. The client actively traded cryptocurrencies on WazirX and…
Today we will discuss the Ten Things to do before 31st March 2025 India for Tax Saving and Compliance. This is applicable for both Individuals and Businesses. Investing in order to save on taxes is always a wise decision. There are various types of investments…