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You might have come across the terms FIFO, LIFO, and HIFO when reading about cryptocurrency tax calculations. These terms are sometimes also referred to as different cost basis methods. Every time you sell a coin or token, for example selling BTC and receiving USD or INR in return, you have…
In our view following are the Reasons for recent volatility in Cryptocurrencies: Bitcoin markets operate 24/7, setting the stage for price swings at unpredictable hours. Many point to bitcoin's volatility as untenable. Indeed, Bitcoin makes severe and dizzying swings. Bitcoin had been under pressure after…
Cryptocurrency Taxation does not necessarily imply legality. Let it be clear that just because income tax or GST has been charged on the transaction, it does not by itself make the transaction legitimate. Taxability and legality of transactions are independent of each other - a…