CoinTracker Announces Cryptocurrency Tax Payment Program in India
26.05.2022
The creation of a company to control compliance with the requirements and taxation standards was carried out in India due to the adoption in the state of a number of regulations that were aimed at profitability from the use of digital assets. Market participants use CoinTracker to create and approve work with coins and NFTs on different platforms and wallets.
It became possible to track the increase in capital and create reports, as well as collect analytics on the account online. This product was the first global process in four years.
India has approved a 30 percent tax on all returns from digital assets since the beginning of April. There are also fees of 1 percent on transactions that exceed Rs 100,000. The last collection will be active from the first of July.
The government is reviewing tax records for investing in cryptocurrencies. They will be sent to exchanges of foreign origin.
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It became possible to track the increase in capital and create reports, as well as collect analytics on the account online. This product was the first global process in four years.
India has approved a 30 percent tax on all returns from digital assets since the beginning of April. There are also fees of 1 percent on transactions that exceed Rs 100,000. The last collection will be active from the first of July.
The government is reviewing tax records for investing in cryptocurrencies. They will be sent to exchanges of foreign origin.
Back