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cryptocurrency tax

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Hey there guys, I am sure most of you remember how the algorithmic-stablecoin project, Tera Luna failed and hence, a new plan was set into motion by the team where they ended up airdropping a new token, Luna 2.0 to all of the existing Luna investor’s to compensate for their losses. Well, indeed it may have helped some investors to cover some minor parts of their losses but it seems this is not the case…

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…