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As discussed above, the taxation of crypto gains is determined by the type of transaction. You can use our crypto tax calculator to calculate your taxes accurately and with ease. For the financial year and assessment yearyou will need to declare your cryptocurrency taxes using either the ITR-2 form if reporting as capital gains or the ITR-3 form if reporting as business income. As per the standard income tax rules, the gains on the crypto-transactions would become drb crypto as i Business income or ii Capital gains.

In drb crypto a case, you may use ITR-3 for reporting the crypto gains. Capital gains: On the other drb crypto, if this web page primary reason for owning the cryptocurrency is to benefit from long-term appreciation in value, then the gains would be classified as 'capital gains'. In this case, you drb crypto use ITR-2 for drb crypto the crypto gains.

Refer to this page for a detailed explanation on TDS on Cryptocurrency. Multitasking between pouring myself coffees and poring over the ever-changing tax laws. Read more. Clear serves 1.

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GameZone statistics Market cap. Volume 24h. Circulating supply. Total supply. Fully diluted market cap. Ethereum: 0xb6ad Official links. Network information.