According to the news that ET Now based on some sources from the Indian government, the government is preparing to tax cryptocurrency transactions.
- According to the news in India, the tax office is working on how to tax both crypto money exchanges and people who earn by buying and selling crypto money.
- It is not known whether cryptocurrencies will directly qualify as a legal asset class.
- According to the news of ET Now, government officials in the country “Taxation of any income generating activity” believes in the need for money and is warm to the idea of taxing the cryptocurrency ecosystem.
Image: Indian flag (Ashwin Kumar/Flickr, licensed, image modified by Koin Bulletin)
The article titled A Taxation on Cryptocurrency Trading in India was prepared by Ömer SAKMAR and published on koinbulteni.com.