Bitcoin Profit App™

India's Crypto Industry Awaits New Budget

India’s Crypto Industry Awaits New Budget

TOP #1 Financial Expert will show you how to turn: $500 INTO $6,508 IN UNDER 1 TRADING WEEK.

CLICK BELOW OPEN YOUR ACCOUNT FREE & TAKE YOUR PHONE ALERT BY HAVING THE CHANCE TO RECEIVE A LIFE-CHANGING CALL TODAY.

“For example if it is a commercial transaction then appropriate GST (good and service tax) guidelines can be levied. If it is an investment, capital gains tax can be levied. If someone is trading crypto very actively, then they can file for taxes as a business. And if at all, a foreign transaction is involved it should be reported to RBI (the Reserve Bank of India, the central bank) under FEMA (Foreign Exchange Management Act) regulations,” Gupta advised CoinDesk.

SHARE WITH YOUR FRIENDS

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on telegram
Share on email