Is it legal to trade in cryptocurrency in India ?
Share
Subin VR, Chartered Accountant,FCA, DISA (ICAI) 
Answered on May 26,2021
There is no illegality as of now.
Clap
35 views
Related Questions
-
Citizen AI Helpdesk
Curated Answers from Government Sources . Answered on May 18,2021I bought Shiba coins on WazirX at 3 rupees while Shiba was selling at other exchanges at 0.0012 rupees. They manipulated the market and made me buy it at this price. Where should I complain about it ?
Bitcoins are outside the regulatory purview of SEBI. All SEBI registered intermediaries are available on SEBI website under the ...
1
0
356
-
MIVA Real Estate
10+ years of experience in the UAE Real Estate Market. Visit: miva.ae . Answered on January 23,2023What is the process of buying houses with cryptocurrency in Dubai?
The process of buying a house with cryptocurrency in Dubai can vary depending on the developer and the specific ...
-
MIVA Real Estate
10+ years of experience in the UAE Real Estate Market. Visit: miva.ae . Answered on January 27,2023Is it possible to buy a home in Dubai with cryptocurrency?
It is possible to buy a home in Dubai with cryptocurrency. Some real estate developers and companies in Dubai ...
-
Start Any Business
Company Setup Services Dubai, UAE . Answered on October 18,2022How to start a cryptocurrency business in Dubai?
Before starting a cryptocurrency business in Dubai, one needs to obtain a cryptocurrency license in Dubai. Recently, three of ...
-
Shyamal Modi
Tax Advocate | Financial Advisor | Virtual CFO . Answered on November 25,2021If my salary is paid in crypto, how can I report this tax filing in India since the price of crypto fluctuates?
You can consider the value of crypto on the date of receipt as salary. And if there is any ...
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on October 18,2021If my salary is paid in crypto, how can I report this tax filing in India since the price of crypto fluctuates?
You can consider the value of crypto on the date of receipt.
-
Shyamal Modi
Tax Advocate | Financial Advisor | Virtual CFO . Answered on November 25,2021How do I report cryptocurrencies on my tax returns?
If cryptocurrencies are held as an investment, you have to show it under the head of Capital Gains. Gains ...
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on February 28,2023What kind of taxes are cryptocurrencies subjected to in India?
Income Tax
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on August 17,2021Is there any tax problem if I accept Dogecoin in my shop in India from the customers?
No tax problems at all. If there is gain from your investments; you have to pay tax. Thats all.
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on May 26,2021Can I do crypto trading in my company account ?
It depends on the objectives of the company. If investment/trading is one of the objective, then you can do ...
-
Shyamal Modi
Tax Advocate | Financial Advisor | Virtual CFO . Answered on November 25,2021Is it necessary that I file taxes for my cryptocurrency?
Yes, you have to file an Income Tax Return if your total income from all sources is more than ...
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on February 28,2023Is it necessary that I file taxes for my cryptocurrency?
Yes
-
What is the tax rate on bitcoin profits?
Write Answer
-
What is the tax rate on bitcoin profits in India?
Write Answer
-
If my salary is paid in crypto in India, how can I report this since the price of crypto fluctuates?
Write Answer
-
How do I report cryptocurrencies on my tax returns?
Write Answer
-
What kind of taxes are cryptocurrencies subjected to in India?
Write Answer
-
Citizen AI Helpdesk
Curated Answers from Government Sources . Answered on May 18,2021I bought Shiba coins on WazirX at 3 rupees while Shiba was selling at other exchanges at 0.0012 rupees. They manipulated the market and made me buy it at this price. Where should I complain about it ?
Bitcoins are outside the regulatory purview of SEBI. All SEBI registered intermediaries are available on SEBI website under the ...
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on May 26,2021Can I do crypto trading in my company account ?
It depends on the objectives of the company. If investment/trading is one of the objective, then you can do ...
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on May 26,2021Is it legal to trade in cryptocurrency in India ?
There is no illegality as of now.
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on August 17,2021Is there any tax problem if I accept Dogecoin in my shop in India from the customers?
No tax problems at all. If there is gain from your investments; you have to pay tax. Thats all.
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on October 18,2021If my salary is paid in crypto, how can I report this tax filing in India since the price of crypto fluctuates?
You can consider the value of crypto on the date of receipt.
-
Shyamal Modi
Tax Advocate | Financial Advisor | Virtual CFO . Answered on November 25,2021How do I report cryptocurrencies on my tax returns?
If cryptocurrencies are held as an investment, you have to show it under the head of Capital Gains. Gains ...
-
Shyamal Modi
Tax Advocate | Financial Advisor | Virtual CFO . Answered on November 25,2021Is it necessary that I file taxes for my cryptocurrency?
Yes, you have to file an Income Tax Return if your total income from all sources is more than ...
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on February 28,2023Is it necessary that I file taxes for my cryptocurrency?
Yes
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on February 28,2023What kind of taxes are cryptocurrencies subjected to in India?
Income Tax
Try to help us answer..
Trending Questions
Try to help us answer..
- What is the tax rate on bitcoin profits? Write Answer
- What is the tax rate on bitcoin profits in India? Write Answer
- If my salary is paid in crypto in India, how can I report this since the price of crypto fluctuates? Write Answer
- How do I report cryptocurrencies on my tax returns? Write Answer
- What kind of taxes are cryptocurrencies subjected to in India? Write Answer
Top contributors this week
Thankachan John
Rtd Motor Vehicles Inspector, Insurance Surveyor and Accident Investigator
Kerala Institute of Local Administration - KILA
Government of Kerala
pravasihelper
PGN Property Management
Real Estate & Documentation Consultant with 21+ years of experience
Sakala Helpline
Best Practices while applying for Government services online
1. Check whether you are eligible to apply for this service.
2. Check the documents required for application before applying.
3. Keep the documents in one folder for ease of access.
4. In case of any doubts, check whether the queries are already answered. You can check the FAQ section of the department website or use platforms like Tesz for this purpose.
5. Once you have applied, note down the application number to track the status.
6. Check the time required for the completion of the service. If the service is not completed within the due time, track the status online or reach out to the department.