Centre plans to tax cryptocurrency trades, ecosystem in India

Centre plans to tax cryptocurrency trades, ecosystem in India

The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax

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Centre likely to tax crypto trading and ecosystem in IndiaCentre likely to tax crypto trading and ecosystem in India
Reuters
  • Sep 13, 2021,
  • Updated Sep 13, 2021 3:08 PM IST

The Indian government is looking to tax cryptocurrency trades and ecosystem in the country, news website ET Now tweeted on Monday, citing sources.

The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now reported.

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The Indian government is looking to tax cryptocurrency trades and ecosystem in the country, news website ET Now tweeted on Monday, citing sources.

The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now reported.

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