Cryptocurrency Tax Calculations | Cryptocurrency Tax CA | Crypto Taxes

Cryptocurrency Tax Calculations (7)

Cryptocurrency Tax Calculations is complex mechanism but I will list some simple concepts here... How is Cryptocurrency tax calculated? To find your total profits, multiply the sale price of your Cryptocurrency by how much of the coin you sold: If you have 2 bitcoin and the selling price is $10,000, then the total sale amount is $10,000 x 2 = $20,000. Next, subtract how much you paid for the crypto plus any fees you paid to sell it. Once you have arrived at your profits, then calculate the tax that is applicable on that. Do I pay tax on Bitcoin in India? Yes, Capital Gains Tax is payable to Government on Bitcoin profits in the India or anywhere in the world if you are an Indian Citize. Taxes on Bitcoin are calculated similar in line with other capital receipts. Does Income tax deptt track Bitcoin? The IT Department treats cryptocurrency as capital asset and, when it's sold at a profit, the tax collection agency will assess a capital gains tax. If, that is, the Income tax deptt knows the transaction occurred from Crypto Exchanges and Chain Analysis companies. Keywords CMS Meta: cryptocurrency taxation india, bitcoin tax calculator 2020, crypto tax calculator india, income tax on cryptocurrency, crypto tax calculator coinbase india, crypto tax calculation india, how to calculate crypto gains,

How should Airdrops be Taxed in India? 2021

Airdrops be Taxed in India? 2021 | cryptocurrencies | Crypto Taxes CA

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…

How Coin hard forks taxed India? 2021

This article focusses on How Coin hard forks taxed India? 2021 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…