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Cryptocurrencies and Taxes: What You Should Know?

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Nowadays the name of cryptocurrency is on everyone's lips. People are investing heavily in Bitcoin, Ethereum and other cryptocurrencies. Some people are calling it the currency of the future, while some consider it just a speculative market. But, amidst all this, one question is the most important - how will tax be levied on the income from cryptocurrency? If you are also investing in crypto or want to do so, then it is very important for you to understand how tax is levied on earnings from cryptocurrency in India and what things you should keep in mind. In this blog, we will give you complete information about cryptocurrency and tax in easy Hindi , so that there is no confusion. Is cryptocurrency legal in India? The first question that comes to mind is whether crypto is legal in India? The simple answer is – The government has not banned crypto trading , which means you can buy and sell. But, the government has also clearly said that crypto is not a legal currency . The govern...