- do taxes even apply on crypto to crypto trading?
If I am not mistaken most traders and enthusiasts only file taxes for cashing out into INR
Correct only if you withdraw from exchange into your bank account then only u pay
Bro let's wait for more details and if it is not expected then we can file case against the rule or we can take stay on crypto bill
Use P2P in international exchanges for trading , international exchanges are not ready yet to indian government new tax rule , it may take few months for international exchanges till then use international exchanges
Cases will happen later I am sure. But right now the situation as it stands. I hope someone drags the Govt to court.
Nope if u sell your coin there is your profit you have to pay tax even if you withdraw in your Bank account or not. Profit booked means transaction done ✅
If we buy btc or alts from tomorrow onwards and withdraw from exchange to private wallet for 2 to 5 years, in that case what is the scenario of tax?
👆 any expert knowledgeable pls answer.
It depends on the slab or tax after 2 to 5 years or whenever you sell the coin what is tax ratio there
My plan is only doing sip in btc, eth, bnb, sol, dot, avax for long term and hold them. No early selling
Then chill now it depends after 2 to 5 years what is tax at that time that's what you have to pay
Thanks for your reply
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