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P2P Trading (3)

Why Crypto Traders are receiving FEMA notices?

USDT Arbitrage | USDT INR | FEMA | Crypto | P2P Trading | Send Money Abroad | © CA Mitesh and Associates

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…

One Percent TDS on Crypto Currency for P2P (Peer-to-Peer) transactions

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…

P2P Crypto Exchanges

TDS on P2P trading | Crypto TDS | TDS Binance | 194S Crypto TDS | CA

Lets discuss about P2P Crypto Exchanges that have mushroomed a lot in especially in last couple of years. What is a P2P Crypto exchange? Peer-to-peer (P2P) crypto exchanges are platforms that allow crypto-market participants to trade with each other directly. This means transactions are done…