Have you invested in crypto yet? Or do you plan to? The trend of cryptocurrencies as an investment option has gained immense popularity in recent years. What does this mean for the Tax implications? What part of the transaction is the tax applicable on? How do you become liable? Read further to find out!
Don’t we all love it when an amount, no matter how small, gets credited to our account? The joy of getting a discount while shopping/ordering food/paying bills/ recharging mobile plans etc., is often in the form of a cashback. Now, what if I told you that these transactions may be taxed? That would burst your joy bubble, right? Before that happens, read further to find out when and how this can happen.