Crypto Taxation & ITR Reporting Guide for India
Crypto Taxation & ITR Reporting Guide Tax on Profits from Crypto (Virtual Digital Assets)—Taxation U/s 115BBH Applicability of Virtual Digital Assets: Legal Definition of Virtual Digital Assets: Under the Income Tax Act, cryptocurrencies, NFTs, and similar assets are classified as Virtual Digital Assets (Sec. 2(47A)). Special taxation rules apply from 1st April 2022 onwards. Effective …