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The Indian government has finally answered a long-standing doubt of the Indian crypto community regarding crypto taxation norms in yesterday’s Budget speech. The new norms will come into play from the 2022-2023 Financial year. The country’s Finance Minister Nirmala Sitharaman officially announced that any profit or income from digital assets would levy a tax of 30%. Plus, she further added that even the profit from the transfer of any digital assets would also levy the…

So far, we haven’t shared an article based on taxation in cryptocurrency, hence today I decided to share some frequently asked questions related to taxes in cryptocurrency. Since we don’t have any clarity as of now regarding the taxes on capital gains (short term & long term) on cryptocurrencies, this article should not be considered as financial advice. I’ve just shared my own experience related to taxation and filing returns on crypto gains & I’m…