India’s Biggest Tax Filing Platform is Helping Investors File on Bitcoin Gains

A new partnership between major cryptocurrency exchange Zebpay and tax filing platform Cleartax aims to assist cryptocurrency investors file taxes on capital gains from their crypto assets.

As Indian authorities continue to be perfectly ambiguous over guidelines or regulations for cryptocurrency adopters and the industry respectively – bitcoin and cryptocurrencies are neither legal nor illegal, nor regulated in India – the country’s official taxation department is perfectly clear on its foray to collect taxes from individuals in the country.

For context, India’s income tax (IT) department visited at least nine major exchanges across the country in a coordinated operation in December to conduct ‘surveys’ to gather data of KYC-adhering traders’ and investors’ transactions, bank accounts and more.

Reference: https://www.ccn.com/indias-biggest-tax-filing-platform-is-helping-investors-file-on-bitcoin-gains/

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