Is it legal to trade in cryptocurrency in India ?
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Subin VR, Chartered Accountant,FCA, DISA (ICAI) 
Answered on May 26,2021
There is no illegality as of now.
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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 ...
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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 ...
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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.
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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 ...
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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.
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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 ...
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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 ...
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What is the tax rate on bitcoin profits?
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What kind of taxes are cryptocurrencies subjected to in India?
Write Answer
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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
-
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 ...
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