Understanding Taxation on Crypto Assets in India || W/ Anoush Bhasin

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In this video we will discuss the Tax treatment of various ways of earning using Cryptocurrencies.

Short and Long Term Capital Gain
Trading Profit as Business Income
Airdrops, Referrals, Staking Rewards
Getting Payment in Crypto
Paying Advance Tax
Calculating the Profits and Tax Amount
Importance of Book Keeping
And More!

*Links*
Tax Calculator - https://scripbox.com/plan/income-tax-calculator#1
Tax Calculator - https://www.incometaxindia.gov.in/pages/tools/income-tax-calculator.aspx
Paying Advanced Taxes - https://www.incometaxindia.gov.in/Pages/tax-services/pay-tax-online.aspx

Chapters:
00:00 - Please watch the whole video
01:00 - Introduction
03:40 - Are you Supposed to Pay Tax on Crypto?
07:52 - Long Term and Short Term Capital Gain for Investors
09:08 - Business Income for regular Traders
10:13 - Tax on Staking, Mining, Airdrops, etc
11:35 - Squaring off in financial year
14:30 - Should we only pay tax on cashed out INR?
18:12 - Tax when being paid in Crypto
21:00 - Importance of Issuing Invoices
22:50 - When invoice is not needed by client
24:10 - How can Freelancers Write Invoices
25:30 - Treatment of Income generated from Referral Commissions
28:30 - When do we pay Tax
32:40 - How to Calculate Tax on Crypto
34:50 - How to treat leverage trading and trading on international exchanges
36:45 - Importance of Maintaining Book of Accounts
41:10 - Treatment of Peer to Peer (P2P) Trading
43:00 - Please pay your taxes
44:30 - Trading with Borrowed Money
50:20 - Closing thoughts

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#TaxOnCrypto #CryptoTrading #IncomeTax
Category
Crypto Investing
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