{"id":108706,"date":"2022-07-18T16:18:29","date_gmt":"2022-07-18T10:48:29","guid":{"rendered":"https:\/\/legalwindow.in\/?p=108706"},"modified":"2022-07-18T17:27:44","modified_gmt":"2022-07-18T11:57:44","slug":"taxes-on-cryptocurrency","status":"publish","type":"post","link":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/","title":{"rendered":"Taxation of Crypto currency in India"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-108708 size-full\" title=\"Taxes on cryptocurrency \" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India-1.png\" alt=\"Taxes on cryptocurrency \" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India-1.png 1200w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India-1-600x315.png 600w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India-1-300x158.png 300w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India-1-1024x538.png 1024w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India-1-768x403.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">A crypto currency, sometimes known as crypto, is a virtual currency that is protected by encryption. It is intended to function as a means of trade, with individual ownership records recorded in a computerized database. The fact that crypto currencies are not issued by any government body makes them immune to meddling and manipulation from them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Latest Crypto currency Developments in India &#8211; The Crypto currency and Regulation of Official Digital Currency Bill 2021 is expected to be tabled during the winter session of Parliament. It is a law that will regulate crypto currency in India. On December 7, 2021, Finance Minister Nirmala Sitharaman stated that the planned Central Bank Digital Currency will not increase crypto currencies in India.<\/span><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid #555;\"><b>Table of Content<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Meaning\"><span style=\"font-weight: 400;\">Meaning of Crypto currency<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Crypto\"><span style=\"font-weight: 400;\">Crypto currency Types<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Merits\"><span style=\"font-weight: 400;\">Merits\u00a0and De-Merits of Crypto currency<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Taxation\"><span style=\"font-weight: 400;\">Taxation of Crypto currency in India<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Takeaway\"><span style=\"font-weight: 400;\">Takeaway<\/span><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"Meaning\"><b>Meaning of Crypto currency<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To put it simply, crypto currency is a digitized asset that is distributed among several computers in a shared network. The decentralized structure of this network protects it from government regulatory organizations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The word &#8220;crypto currency&#8221; derives from the encryption methods used to safeguard the network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to computer specialists, any system classified as crypto currency must satisfy the following requirements:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There is no centralized authority and everything is managed through dispersed networks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The system keeps track of bit coin units and who owns them.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The system determines whether new units can be generated and, if so, the origin and ownership terms.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ownership of bit coin units can only be proven cryptographically.<\/span><\/li>\n<li id=\"Crypto\">The technology supports transactions in which the ownership of cryptographic units is changed.<\/li>\n<\/ul>\n<h2><b>Crypto currency Types<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Bit coin was the first sort of crypto money, and it is still the most widely used, lucrative, and popular today. Other <a href=\"https:\/\/legalwindow.in\/applicability-of-indian-taxation-on-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\">crypto currencies<\/a>, in addition to Bit coin, have been developed with differing degrees of functionality and requirements. Some are bit coin iterations, while others are whole new creations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bit coin was created in 2009 by an individual or group known as &#8220;Satoshi Nakamoto.&#8221; There were around 18.6 millionbit coinss in circulation as of March 2021, with a total market valuation of around $927 billion. Altcoins are alternative crypto currencies that arose as a result of Bitcoin&#8217;s popularity. The following are some well-known altcoins:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Litecoin<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Peercoin<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Namecoin<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ethereum<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cardana<\/span><\/li>\n<\/ul>\n<p><span id=\"Merits\">Today, the total value of all crypto currencies in existence is over $1.5 trillion, with Bit coin accounting for more than 60% of that amount. 3.<\/span><\/p>\n<h2><b>Merits\u00a0and De-Merits of Crypto currency<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The following are the Merits of crypto-currency:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Funds transfer between two parties will be simple, since there will be no need for a third party such as credit\/debit cards or banks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a less expensive option when compared to other online purchases.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payments are secure and provide an unparalleled level of privacy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Modern crypto currency systems include a user &#8220;wallet&#8221; or account address that is only accessible with a public key and a pirate key. The private key is only known to the wallet&#8217;s owner.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The transfer of funds is handled with low processing expenses.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The following are the De- Merits of Crypto-currency:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Because bit coin transactions are nearly invisible, they may easily become the target of unlawful activities such as money laundering, tax evasion, and potentially even terror funding.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payments are not non-refundable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Crypto currencies are not widely acknowledged and have minimal value elsewhere.<\/span><\/li>\n<li id=\"Taxation\">There is worry that crypto currencies such as Bit coin are not based on tangible items. According to certain study, the cost of generating a Bit coin, which needs a growing quantity of energy, is closely tied to its market price.<\/li>\n<\/ul>\n<h2><b>Taxation of Crypto currency in India<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Crypto currency Tax in India (FY 2022-2023): In the Union Budget 2022, cryptos were recommended to be classified as virtual digital assets (VDA). Even though crypto currency has been designated as an asset, its tax treatment differs from that of conventional assets. Individuals must pay a flat 30% tax on revenue derived through the transfer of crypto currencies and other virtual digital assets, including NFTs, under the new crypto tax legislation.<\/span><\/p>\n<h3><b>Crypto Tax Rule: No set-off of losses Allowed\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The intra-head adjustment of losses, i.e. the set-off of a loss from one VDA with revenue from another VDA, is prohibited. Using an example, Experts said that if you have a loss from the transfer of Bit coin and a profit from the transfer of NFTs, you cannot deduct the Bit coin loss from the gains from the transfer of NFTs. Profits from an NFT transfer will be taxed at a flat rate of 30%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, losses from crypto currency transfers cannot be offset against revenue from any other source. This implies that gains from the sale of equities, mutual funds, assets such as real estate, and so on will not be permitted to offset losses from crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The taxpayer is not permitted to carry forward bit coin losses under the crypto tax rules.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;A loss from the transfer of crypto currency in one fiscal year cannot be carried over to the next year to offset future profits,&#8221;\u00a0<\/span><\/p>\n<h3><b>Date of Crypto Tax Filing: When Will You Have to Pay 30% Crypto Tax?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">From Assessment Year 2023-24, the taxpayer will be required to pay a 30% tax on crypto currencies and other VDAs. That means that all of your income from the transfer of VDAs in FY 2022-23 will be taxed at a 30% rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Experts\u00a0advised crypto investors to determine their advance tax due after factoring in the tax on revenue from crypto and NFT transfers, and then pay the advance tax installments appropriately.<\/span><\/p>\n<h3><b>Tax on the Exchange of Crypto currency in Business Transactions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Virtual digital assets (VDA) are not currencies, according to the government.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;However, the word &#8216;transfer&#8217; is not defined in regard to virtual digital assets under the <\/span><span style=\"font-weight: 400;\">Income Tax Act, 1962<\/span><span style=\"font-weight: 400;\">\u00a0as it is specified for capital assets.&#8221; Experts believe that the legislation should define what the term &#8220;transfer&#8221; implies and if it applies to transactions in which products or services are acquired using crypto currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;If the law confirms that such transactions are considered a &#8216;transfer,&#8217; then the <\/span><a href=\"https:\/\/legalwindow.in\/tds-returns\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">TDS<\/span><\/a><span style=\"font-weight: 400;\"> clause will apply here,&#8221; as per Experts, in this scenario, a person transferring crypto currency must deduct TDS since a transfer has occurred. Such an occurrence will be taxed in the hands of the person transferring crypto currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the <\/span><span style=\"font-weight: 400;\">company<\/span><span style=\"font-weight: 400;\"> will be obliged to disclose receipts based on the fair market value (FMV) of crypto received as payment for products or services. If the <\/span><span style=\"font-weight: 400;\">business<\/span><span style=\"font-weight: 400;\"> sells or transfers these cryptos in any way, an event of crypto transfer occurs, and tax must be paid on such transfer.<\/span><\/p>\n<h3><b>Taxation of Crypto currency Received as a Gift<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The definition of defined moveable assets has also been enlarged by the government to include virtual digital assets. Thus, gifts in the form of crypto assets would be taxed if the fair market value exceeded the Rs 50,000 threshold limit.<\/span><\/p>\n<p><span id=\"Takeaway\">According to experts, the plain reading of the crypto tax regulations implies that gifts received from family or on particular occasions are tax-free.<\/span><\/p>\n<h2><b><a href=\"https:\/\/legalwindow.in\/itr-filing-for-individuals\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-108712 size-full\" title=\"ITR Filing July 2022\" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/File-your-Income-Tax-Return.png\" alt=\"ITR Filing July 2022\" width=\"1000\" height=\"200\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/File-your-Income-Tax-Return.png 1000w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/File-your-Income-Tax-Return-600x120.png 600w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/File-your-Income-Tax-Return-300x60.png 300w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/File-your-Income-Tax-Return-768x154.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><br \/>\nTakeaway<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The crypto currency industry is unavoidable, and the opportunities are limitless. Even the <\/span><a href=\"https:\/\/www.india.gov.in\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Government of India<\/span><\/a><span style=\"font-weight: 400;\"> has recognized the potential of crypto currencies as a payment method, proposing legislation to issue and regulate crypto currency in the country. In the future, Crypto currency may become the key driver of the country&#8217;s economy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Want to know more about Taxation of Crypto? Connect to our Experts at <\/span><a href=\"https:\/\/legalwindow.in\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Legal Window<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A crypto currency, sometimes known as crypto, is a virtual currency that is protected by encryption. It is intended to function as a means of trade, with individual&hellip;<\/p>\n","protected":false},"author":4,"featured_media":108711,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-108706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Taxes on Cryptocurrency in India &#187; Legal Window<\/title>\n<meta name=\"description\" content=\"Latest Guide on Taxes on Cryptocurrency in India. Meaning, Crypto currency Types, Merits and De-Merits of Crypto currency in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taxes on Cryptocurrency in India &#187; Legal Window\" \/>\n<meta property=\"og:description\" content=\"Latest Guide on Taxes on Cryptocurrency in India. Meaning, Crypto currency Types, Merits and De-Merits of Crypto currency in India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/\" \/>\n<meta property=\"og:site_name\" content=\"Legal Window\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/legalwindow.in\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-18T10:48:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-18T11:57:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CS Garima Kothari (B.COM, MBA)\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CS Garima Kothari (B.COM, MBA)\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/\"},\"author\":{\"name\":\"CS Garima Kothari (B.COM, MBA)\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/person\\\/a7d792fb3d624b37c80fc19d03e265e4\"},\"headline\":\"Taxation of Crypto currency in India\",\"datePublished\":\"2022-07-18T10:48:29+00:00\",\"dateModified\":\"2022-07-18T11:57:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/\"},\"wordCount\":1241,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Taxation-of-Crypto-currency-in-India.png\",\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/\",\"name\":\"Taxes on Cryptocurrency in India &#187; Legal Window\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Taxation-of-Crypto-currency-in-India.png\",\"datePublished\":\"2022-07-18T10:48:29+00:00\",\"dateModified\":\"2022-07-18T11:57:44+00:00\",\"description\":\"Latest Guide on Taxes on Cryptocurrency in India. Meaning, Crypto currency Types, Merits and De-Merits of Crypto currency in India.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Taxation-of-Crypto-currency-in-India.png\",\"contentUrl\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Taxation-of-Crypto-currency-in-India.png\",\"width\":800,\"height\":800,\"caption\":\"Taxes on cryptocurrency\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/taxes-on-cryptocurrency\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Taxation of Crypto currency in India\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/\",\"name\":\"Legal Window\",\"description\":\"Legal Solution Provider\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#organization\",\"name\":\"LegalWindow\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/LW-Logo-2.png\",\"contentUrl\":\"https:\\\/\\\/legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/LW-Logo-2.png\",\"width\":1245,\"height\":357,\"caption\":\"LegalWindow\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/legalwindow.in\\\/\",\"https:\\\/\\\/www.instagram.com\\\/legalwindow.in\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/legal-window\\\/\",\"https:\\\/\\\/in.pinterest.com\\\/legalwindow\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCFtHKxaXtK4WjOe9UytbX9A\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/person\\\/a7d792fb3d624b37c80fc19d03e265e4\",\"name\":\"CS Garima Kothari (B.COM, MBA)\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g\",\"caption\":\"CS Garima Kothari (B.COM, MBA)\"},\"description\":\"Company Secretary and diligent learner deeply immersed in the world of corporate law, compliance, and governance with a focus on developing a robust foundation in legal principles and corporate practices. Passionate about exploring the intricacies of company law, regulatory compliance, and corporate governance.\",\"sameAs\":[\"https:\\\/\\\/legalwindow.in\"],\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/author\\\/capulkitgoyal\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Taxes on Cryptocurrency in India &#187; Legal Window","description":"Latest Guide on Taxes on Cryptocurrency in India. Meaning, Crypto currency Types, Merits and De-Merits of Crypto currency in India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/","og_locale":"en_US","og_type":"article","og_title":"Taxes on Cryptocurrency in India &#187; Legal Window","og_description":"Latest Guide on Taxes on Cryptocurrency in India. Meaning, Crypto currency Types, Merits and De-Merits of Crypto currency in India.","og_url":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/","og_site_name":"Legal Window","article_publisher":"https:\/\/www.facebook.com\/legalwindow.in\/","article_published_time":"2022-07-18T10:48:29+00:00","article_modified_time":"2022-07-18T11:57:44+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India-1.png","type":"image\/png"}],"author":"CS Garima Kothari (B.COM, MBA)","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CS Garima Kothari (B.COM, MBA)","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/#article","isPartOf":{"@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/"},"author":{"name":"CS Garima Kothari (B.COM, MBA)","@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/person\/a7d792fb3d624b37c80fc19d03e265e4"},"headline":"Taxation of Crypto currency in India","datePublished":"2022-07-18T10:48:29+00:00","dateModified":"2022-07-18T11:57:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/"},"wordCount":1241,"publisher":{"@id":"https:\/\/www.legalwindow.in\/blog\/#organization"},"image":{"@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India.png","articleSection":["Income Tax"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/","url":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/","name":"Taxes on Cryptocurrency in India &#187; Legal Window","isPartOf":{"@id":"https:\/\/www.legalwindow.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/#primaryimage"},"image":{"@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India.png","datePublished":"2022-07-18T10:48:29+00:00","dateModified":"2022-07-18T11:57:44+00:00","description":"Latest Guide on Taxes on Cryptocurrency in India. Meaning, Crypto currency Types, Merits and De-Merits of Crypto currency in India.","breadcrumb":{"@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/#primaryimage","url":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India.png","contentUrl":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Taxation-of-Crypto-currency-in-India.png","width":800,"height":800,"caption":"Taxes on cryptocurrency"},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalwindow.in\/blog\/taxes-on-cryptocurrency\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalwindow.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Taxation of Crypto currency in India"}]},{"@type":"WebSite","@id":"https:\/\/www.legalwindow.in\/blog\/#website","url":"https:\/\/www.legalwindow.in\/blog\/","name":"Legal Window","description":"Legal Solution Provider","publisher":{"@id":"https:\/\/www.legalwindow.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalwindow.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalwindow.in\/blog\/#organization","name":"LegalWindow","url":"https:\/\/www.legalwindow.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/legalwindow.in\/blog\/wp-content\/uploads\/LW-Logo-2.png","contentUrl":"https:\/\/legalwindow.in\/blog\/wp-content\/uploads\/LW-Logo-2.png","width":1245,"height":357,"caption":"LegalWindow"},"image":{"@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/legalwindow.in\/","https:\/\/www.instagram.com\/legalwindow.in\/","https:\/\/www.linkedin.com\/company\/legal-window\/","https:\/\/in.pinterest.com\/legalwindow\/","https:\/\/www.youtube.com\/channel\/UCFtHKxaXtK4WjOe9UytbX9A"]},{"@type":"Person","@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/person\/a7d792fb3d624b37c80fc19d03e265e4","name":"CS Garima Kothari (B.COM, MBA)","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g","caption":"CS Garima Kothari (B.COM, MBA)"},"description":"Company Secretary and diligent learner deeply immersed in the world of corporate law, compliance, and governance with a focus on developing a robust foundation in legal principles and corporate practices. Passionate about exploring the intricacies of company law, regulatory compliance, and corporate governance.","sameAs":["https:\/\/legalwindow.in"],"url":"https:\/\/www.legalwindow.in\/blog\/author\/capulkitgoyal\/"}]}},"_links":{"self":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts\/108706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/comments?post=108706"}],"version-history":[{"count":4,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts\/108706\/revisions"}],"predecessor-version":[{"id":108714,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts\/108706\/revisions\/108714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/media\/108711"}],"wp:attachment":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/media?parent=108706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/categories?post=108706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/tags?post=108706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}