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25 January 2021

India’s Taxman Put Bitcoiners on the Hot  Seat as Bitcoin Price Keeps Surging  | BTCMANAGER

India’s Taxman Put Bitcoiners on the Hot Seat as Bitcoin Price Keeps Surging  | BTCMANAGER


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While crypto taxation is yet to become a thing in various jurisdictions across the globe, as authorities continue to look for ways of making crypto investors file the correct taxes on their bitcoin trading gains, Naimish Sanghvi, a top Indian crypto influencer has taken to Twitter torevealthat bitcoiners in the state have been paying taxes on their crypto profits contrary to reports.

Notably, there are no clear-cut guidelines as regards crypto taxation in India, even though some traders may have been paying taxes from the profits generated from their trading activities, as revealed by Naimish Sanghvi.

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