Tax FAQ's

Is it legal to hold, trade or invest in cryptocurrencies in INDIA?
There is no explicit ban on holding/trading/investing/dealing in cryptocurrencies. 
Sun, 24 May, 2020 at 5:53 PM
Do I have to pay tax on income or profits earned from Cryptocurrencies?
Absolutely. It is essential to declare such income in the Income Tax returns and pay tax accordingly. While investing or trading in cryptocurrencies is not...
Sun, 24 May, 2020 at 5:54 PM
What is the rate of TAX applicable to income from Cryptocurrencies?
It depends upon the nature of the activity undertaken with cryptocurrencies. The rate of tax would differ for investors vis-à-vis traders, miners, or blockc...
Sun, 24 May, 2020 at 5:56 PM
What if I don't pay TAX?
The Indian Income Tax Department can obtain information on persons/entities holding cryptocurrencies from Armoney via going to https://armoney.com and click...
Sun, 24 May, 2020 at 6:00 PM
Do I need to report Cryptocurrencies held/traded outside India?
Yes. In case you are an Indian Resident, all assets held outside India are required to be disclosed in the Income Tax return. Further, any income earned fr...
Sun, 24 May, 2020 at 6:01 PM