Tag Archives: Tax

Highlights of Budget 2022 Cryptocurrency Tax News

India has at last presented crypto charge system! IN Budget 2022-22, the Government took a moderate stand on tax collection by declaring level 30% on pay from advanced virtual resources or crypto. In her Budget Speech 2022, Finance Minister Nirmala Sitharaman said that 30% expense would charged on pay from move of virtual computerized resources. She further said no set off will be permitted in the event of misfortunes. Likewise, gifts in virtual advanced resources would be burdened in the possession of the beneficiary. Continue reading Highlights of Budget 2022 Cryptocurrency Tax News

CRYPTOCURRENCY TAXES: WHAT YOU NEED TO KNOW

Taxes are one of the most important things to consider when dealing with assets of any kind, especially since failure to do so could lead to problems with the IRS. Some people are not aware that cryptocurrency is an asset, just like any other asset class when it comes to taxes. But the process may seem so complicated that people fail to file in their tax returns. Continue reading CRYPTOCURRENCY TAXES: WHAT YOU NEED TO KNOW