25-April-2024
Markets and Finance
 
Things to keep in mind while choosing a crypto tax calculation software
03-Oct-2022

In India, where cryptocurrency is still at an evolving stage, crypto tax calculation is not something that comes easy. While many software programs are being released to make crypto tax calculations simple, there are things that investors need to keep in mind while using them. Starting July 1, buyers of digital assets in India are required to pay a 1 percent tax on the amount payable to sellers. This is in addition to a flat 30 percent income tax on earnings from cryptocurrencies that started on April 1.

News Source:- https://www.moneycontrol.com/news/business/cryptocurrency/things-to-keep-in-mind-while-choosing-a-crypto-tax-calculation-software-9269111.html