{"id":19086,"date":"2021-11-19T00:47:17","date_gmt":"2021-11-18T19:17:17","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=19086"},"modified":"2022-02-01T17:58:20","modified_gmt":"2022-02-01T12:28:20","slug":"guidance-required-on-major-concern-in-crypto","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/","title":{"rendered":"Guidance on major concern in Cryptocurrency"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a169f9cc040c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a169f9cc040c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#Guidance_on_major_concerns_in_crypto_is_asset_protection_tax_exemption_financial_privacy_which_needed_guidance\" title=\"Guidance on major concerns in crypto is asset protection, tax exemption &amp; financial privacy which needed guidance:\">Guidance on major concerns in crypto is asset protection, tax exemption &amp; financial privacy which needed guidance:<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#TAXATION_ASPECTS_OF_BITCOIN\" title=\"TAXATION ASPECTS OF BITCOIN\">TAXATION ASPECTS OF BITCOIN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#PROVISIONS_RELATED_TO_TAX_FILING\" title=\"PROVISIONS RELATED TO TAX FILING\">PROVISIONS RELATED TO TAX FILING<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#CLASSIFICATION_OF_BITCOIN_UNDER_DIFFERENT_HEADS_AND_THEIR_TAXATION\" title=\"CLASSIFICATION OF BITCOIN UNDER DIFFERENT HEADS AND THEIR TAXATION\">CLASSIFICATION OF BITCOIN UNDER DIFFERENT HEADS AND THEIR TAXATION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#INCOME_FROM_BUSINESS\" title=\"INCOME FROM BUSINESS\">INCOME FROM BUSINESS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#INCOME_FROM_PROFESSION\" title=\"INCOME FROM PROFESSION\">INCOME FROM PROFESSION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#INCOME_FROM_CAPITAL_GAINS\" title=\"INCOME FROM CAPITAL GAINS\">INCOME FROM CAPITAL GAINS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#INCOME_FROM_OTHER_SOURCES\" title=\"INCOME FROM OTHER SOURCES\">INCOME FROM OTHER SOURCES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#FAQ_on_cryptocurrency_in_India\" title=\"FAQ on cryptocurrency in India\">FAQ on cryptocurrency in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#Q_Is_it_legal_to_trade_cryptocurrency_in_India\" title=\"Q.: Is it legal to trade cryptocurrency in India?\">Q.: Is it legal to trade cryptocurrency in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#Q_How_is_cryptocurrency_taxed_In_India\" title=\"Q.: How is cryptocurrency taxed In India? \">Q.: How is cryptocurrency taxed In India? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#Q_Should_cryptocurrencies_be_classified_as_%E2%80%9Ccurrency%E2%80%9D_or_%E2%80%9Casset%E2%80%9D\" title=\"Q.: Should cryptocurrencies be classified as &#8220;currency&#8221; or &#8220;asset&#8221;?\">Q.: Should cryptocurrencies be classified as &#8220;currency&#8221; or &#8220;asset&#8221;?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#Q_Is_it_possible_to_categorize_crypto-trading_as_a_business_activity\" title=\"Q.: \u00a0Is it possible to categorize crypto-trading as a business activity?\">Q.: \u00a0Is it possible to categorize crypto-trading as a business activity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#Q_What_are_the_Major_Concern_in_crypto\" title=\"Q.: What are the Major Concern in crypto?\">Q.: What are the Major Concern in crypto?<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/#SPECIALIZED_ACTIVITIES_BY_OUR_TAX_EXPERTS\" title=\"SPECIALIZED ACTIVITIES BY OUR TAX EXPERTS\u00a0\">SPECIALIZED ACTIVITIES BY OUR TAX EXPERTS\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-19087\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/Guidance-major-concern-in-crypto-is-Asset-Protection-Tax-Exemption-Financial-Privacy-which-required-Guidance.jpg\" alt=\"Guidance major concern in crypto is Asset Protection, Tax Exemption &amp; Financial Privacy which required Guidance:\" width=\"1200\" height=\"800\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/Guidance-major-concern-in-crypto-is-Asset-Protection-Tax-Exemption-Financial-Privacy-which-required-Guidance.jpg 1200w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/Guidance-major-concern-in-crypto-is-Asset-Protection-Tax-Exemption-Financial-Privacy-which-required-Guidance-300x200.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/Guidance-major-concern-in-crypto-is-Asset-Protection-Tax-Exemption-Financial-Privacy-which-required-Guidance-1024x683.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/Guidance-major-concern-in-crypto-is-Asset-Protection-Tax-Exemption-Financial-Privacy-which-required-Guidance-768x512.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/Guidance-major-concern-in-crypto-is-Asset-Protection-Tax-Exemption-Financial-Privacy-which-required-Guidance-800x533.jpg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Guidance_on_major_concerns_in_crypto_is_asset_protection_tax_exemption_financial_privacy_which_needed_guidance\"><\/span><span style=\"color: #000080;\">Guidance on major concerns in crypto is asset protection, tax exemption &amp; financial privacy which needed guidance:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"TAXATION_ASPECTS_OF_BITCOIN\"><\/span><span style=\"color: #ff9900;\"><strong id=\"taxaspects\">TAXATION ASPECTS OF BITCOIN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Many economists have gained interest regarding the taxation of Bitcoin as it becomes quite challenging to take out the related data and thereby, formulate a policy for its taxation. In India, as well, the experts are gaining interest to provide extensive international taxation services related to <a href=\"https:\/\/carajput.com\/blog\/all-about-cryptocurrency-taxation-scenario-in-india\/\">cryptocurrency<\/a>.<\/li>\n<li>Experts are always concerned about providing the latest developments and managing their clients across the world. Thus, the Indian experts are pretty much enthusiastic about incorporating their knowledge in the field of digital assets to be sure about their future economic success.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"PROVISIONS_RELATED_TO_TAX_FILING\"><\/span><span style=\"color: #ff9900;\"><strong id=\"provisions\">PROVISIONS RELATED TO TAX FILING<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Any person who indulges in the trading of Bitcoin and thereby earns any income from such transactions are required to declare their income and pay taxes according to the tax rate applicable. But Due to the absence of any regulation or policy by the Central Board of Direct Tax or ICAI, Indian investors are left on their own, on order to classify the income from cryptocurrency in India.<\/li>\n<li>In India, there is no policy for trading in cryptocurrency, but the IT Act, of 2000, does not restrict from investing in cryptocurrency and as a result, income from such investment is required to be disclosed and hence be taxed.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"CLASSIFICATION_OF_BITCOIN_UNDER_DIFFERENT_HEADS_AND_THEIR_TAXATION\"><\/span><span style=\"color: #ff9900;\"><strong id=\"classification\">CLASSIFICATION OF BITCOIN UNDER DIFFERENT HEADS AND THEIR TAXATION<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_FROM_BUSINESS\"><\/span><strong>INCOME FROM BUSINESS<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Under this, the investor should be a bitcoin trader and shall have substantial and frequent transactions, which is required, to be classified as a business. the income thereby, be classified as profit and loss of the business accordingly.<\/li>\n<li>In such a scenario, the income from bitcoin be taxed at the rate applicable on the business under the Indian income tax slab. Thus, if the turnover is less than Rs. 250 crores, tax is applicable @ 25%, otherwise, @ 30%.<\/li>\n<\/ul>\n<ol start=\"2\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_FROM_PROFESSION\"><\/span><strong>INCOME FROM PROFESSION<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>In case the person is a blogger, freelancer, or consultant earning in Bitcoins such income be taxed under the slab rate applicable to his income slab. Such persons receive bitcoin while providing any professional service and thereby selling the received bitcoin through Indian exchange.<\/li>\n<li>After such a scenario, the income from bitcoin is taxed at the rate applicable on the profession under the Indian income tax slab. Thus, if the turnover is less than Rs. 250 crores, tax is applicable @ 25%, otherwise, @ 30%.<\/li>\n<\/ul>\n<ol start=\"3\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_FROM_CAPITAL_GAINS\"><\/span><strong>INCOME FROM CAPITAL GAINS<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>In case, the person is a casual investor in Bitcoins, any profit arising from such transactions would be taxed as short-term capital gains or long-term capital gain based on the period of holding of such investment.<\/li>\n<li>For the investment to be considered as a long-term investment, the investor shall hold the bitcoin for a period of at least 2 years from the date of purchase.<\/li>\n<li>Professionals are favoring these parameters to consider Bitcoin as a stock of a company instead of being used as a mode of payment so that it becomes easier to file the return and pay taxes.<\/li>\n<li>In the case of long-term capital gains, the tax rate applicable is 15 percent while for short-term gains, the same be included in the total income and taxed accordingly. The assessee also gets the benefit of indexation on the capital gains.<\/li>\n<\/ul>\n<ol start=\"4\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_FROM_OTHER_SOURCES\"><\/span><strong>INCOME FROM OTHER SOURCES<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>There are persons doing Bitcoin mining i.e., they are generally selling the bitcoin and never purchasing any Bitcoins. As a result, there is only income flowing in the hands of the assessee and there is not outflow, thus taxed under income from other sources.<\/li>\n<li>Such an assessee will be taxed as per the Income-tax slabs and if the income exceeds 10 lakhs, then the applicable tax rate is 30 percent plus surcharge and cess.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"FAQ_on_cryptocurrency_in_India\"><\/span><span style=\"color: #ff0000;\">FAQ on <strong>cryptocurrency in India<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19091\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/FAQ-on-cryptocurrency-in-India.jpeg\" alt=\"FAQ on cryptocurrency in India\" width=\"874\" height=\"290\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/FAQ-on-cryptocurrency-in-India.jpeg 389w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/FAQ-on-cryptocurrency-in-India-300x99.jpeg 300w\" sizes=\"(max-width: 874px) 100vw, 874px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q_Is_it_legal_to_trade_cryptocurrency_in_India\"><\/span><span style=\"color: #000080;\"><strong>Q.: Is it legal to trade cryptocurrency in India?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>There are no laws preventing (or allowing) cryptocurrency trading. In that way, cryptocurrencies are akin to other asset classes like gold, commodities, and real estate. A country&#8217;s currency is a legal tender that is backed by a sovereign guarantee. Only the <a href=\"https:\/\/carajput.com\/blog\/?s=RBI\">Reserve Bank of India<\/a> (RBI) has the authority to issue money in India.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Q_How_is_cryptocurrency_taxed_In_India\"><\/span><strong><span style=\"color: #000080;\">Q.: How is cryptocurrency taxed In India?<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The Income-Tax Act of 1961 in India provides no particular guidance on the taxation of cryptocurrency. However, taxpayers who have invested in cryptocurrencies and gained from them must report their transactions.<\/li>\n<li>Concerned governments around the world are working on standard taxation laws for cryptocurrencies. There is no way to avoid paying taxes on cryptocurrency gains.<\/li>\n<li>The Indian government intends to organize virtual currencies and their tax treatment into 3 categories: payments, investment, and utility. The Ministry of Finance has apparently organized a committee to investigate whether cryptocurrency trading profits should be taxed.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Q_Should_cryptocurrencies_be_classified_as_%E2%80%9Ccurrency%E2%80%9D_or_%E2%80%9Casset%E2%80%9D\"><\/span><span style=\"color: #000080;\"><strong>Q.: Should cryptocurrencies be classified as &#8220;currency&#8221; or &#8220;asset&#8221;?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The existing regulations are likely to continue if the government classifies bitcoins as an asset or commodity. If there is a separate code or guidelines for taxing virtual currencies, this could change.<\/li>\n<li>When it comes to cryptocurrencies, there is still a great deal of uncertainty when it comes to the rules and regulations that govern them. Your gain will be classified as long-term capital gains if you hold your cryptocurrency for more than 36 months.<\/li>\n<li>Short-term capital gains, on the other hand, are gains made over a shorter period of time. These profits are taxed at various rates. The gains on long-term investments are taxed at a rate of 20%. The rest, including those with gains obtained over a shorter period of time, are liable to personal taxation at the relevant rates.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Q_Is_it_possible_to_categorize_crypto-trading_as_a_business_activity\"><\/span><span style=\"color: #000080;\"><strong>Q.: \u00a0Is it possible to categorize crypto-trading as a business activity?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>If a trader makes a lot of cryptocurrency transactions, any profit he makes after that is taxable as business income. If you own cryptocurrencies as a&#8217; stock-in-trade,&#8217; the income you earn from them will be taxed.<\/li>\n<li>As a result, if you continue to trade cryptocurrencies, you should be informed that any profits you make will be taxable as business income.<\/li>\n<li>Profits from crypto assets are classed as business income or capital gains according to on the facts and circumstances of each case. If an individual trades in such assets often or if his livelihood is based on such earnings, then such earnings are classified as business income.<\/li>\n<li>Because cryptocurrency income is classified as business income, it will be taxed at the rate that applies to business income. If cryptocurrency income is not characterized as either business income or capital gains, it will be counted as other sources of income. This is what is referred to as residuary income.<\/li>\n<li>&#8220;In such circumstances, corporations will be taxed at a rate of 25%, while individuals will be taxed at their respective tax slab rate after adding the profits to their income.&#8221;<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Q_What_are_the_Major_Concern_in_crypto\"><\/span><span style=\"color: #000080;\"><strong>Q.: What are the Major Concern in crypto?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Major Concern in crypto is Asset Protection, Tax Exemption, and Financial Privacy which required Guidance: <\/strong><\/p>\n<ul>\n<li>It&#8217;s difficult not to be concerned about America&#8217;s economic situation, especially now that the country&#8217;s national debt has surpassed $22 trillion and India is moving towards the big trading and holding towards crypto.<\/li>\n<li>People have been forced to look for additional means to secure their money and transfer them to new geographic places due to the unstable banking system.<\/li>\n<li>According to two sources involved with the discussions, the government intends to tighten the regulation of cryptocurrencies in order to discourage investors from keeping them. However, the government is unlikely to follow through on an earlier intention to ban private digital coins.<\/li>\n<li>Instead, only those that have been pre-approved by the government could be listed and traded on exchanges, according to the sources, who asked not to be named since the discussions are private.<\/li>\n<li>&#8220;A coin can only be traded if it has been approved by the government; otherwise, holding or trading it in may result in a penalty,&#8221; claimed the first source.<\/li>\n<li>In the parliamentary session that begins this month, the government hopes to propose and pass a cryptocurrency law.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"SPECIALIZED_ACTIVITIES_BY_OUR_TAX_EXPERTS\"><\/span><strong><span style=\"color: #ff9900;\">SPECIALIZED ACTIVITIES BY OUR TAX EXPERTS<\/span>\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>They help their clients with information related to cryptocurrency.<\/li>\n<li>Assist them regarding the way in which they can trade in a lawful manner.<\/li>\n<li>Assisting in matters related to recovery and reporting of missing or lost records.<\/li>\n<li>Helps in proper reconciliation of unrecorded and lost transactions.<\/li>\n<li>Complete tax compliance and filing on behalf of their client.<\/li>\n<li>They also provide tax planning and strategies for identifying various cryptocurrencies and non- cryptocurrencies for saving and investment purposes.<\/li>\n<\/ul>\n<p><strong>Popular blog:-<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/bitcoin-taxability-under-gst-act-2017\/\">Bitcoin Taxability under GST Act,2017<\/a><\/li>\n<li><em><u><a href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-21st-may-2019\/\" data-cke-saved-href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-21st-may-2019\/\">India\u2019s Latest Development on Crypto-Currencies<\/a><\/u><\/em><\/li>\n<\/ul>\n<blockquote class=\"wp-embedded-content\" data-secret=\"v9CBMMe1MZ\"><p><a href=\"https:\/\/www.caindelhiindia.com\/blog\/bitcoin-taxability-under-gst-act-2017\/\">Bitcoin Taxability under GST Act 2017<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Bitcoin Taxability under GST Act 2017&#8221; &#8212; India Financial Consultancy\" src=\"https:\/\/www.caindelhiindia.com\/blog\/bitcoin-taxability-under-gst-act-2017\/embed\/#?secret=v9CBMMe1MZ\" data-secret=\"v9CBMMe1MZ\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guidance on major concerns in crypto is asset protection, tax exemption &amp; financial privacy which needed guidance: TAXATION ASPECTS OF BITCOIN Many economists have gained interest regarding the taxation of Bitcoin as it becomes quite challenging to take out the related data and thereby, formulate a policy for its taxation. In India, as well, the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9891],"tags":[1124],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/19086"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=19086"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/19086\/revisions"}],"predecessor-version":[{"id":21737,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/19086\/revisions\/21737"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=19086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=19086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=19086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}