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,

Tax Loss Harvesting in Cryptocurrency

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…

Cryptocurrency Tax Calculations: What is FIFO, LIFO, and HIFO?

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…

Arbitrage Opportunities in Cryptocurrency - Guide For Beginners

This article is focussed on Arbitrage Opportunities in Cryptocurrency - Guide For Beginners. Arbitrage Opportunities in Cryptocurrency is about leveraging prices to your advantage. Crypto trading has been around for quite a few years now; however, the prices of cryptocurrencies vary from one exchange to…