New Delhi, Sept. 2 -- Less than two weeks are left for the deadline to file the income tax return (ITR), which ends on September 15. In case you had invested in cryptocurrencies during FY 2024-25, it is important to correctly report the transactions.
Here, we list key points that taxpayers should keep in mind when reporting income earned from cryptocurrencies on their tax returns.
Investors should remember that they can earn gains from the sale of cryptocurrencies as well as from mining, airdrops and staking.
If you are a cryptocurrency investor, you should know how crypto gains are taxed in India.
1. Profits from the sale of crypto assets are taxed at a flat rate of 30 per cent.
2. There is a 1 per cent TDS, which is levied on all c...
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