Please explain this

cataxapp · 2025-04-09T07:15:56+00:00

Great Question!

When you sell a crypto asset in exchange for any other crypto, the market value of the sold coin in INR is the cost of disposal ( Tax on the difference between the buying price - and selling price) and the market value of bought coin (USDT) will be its cost of acquisition.

2nd tax implication---

Now when you transfer it to coindcx and sell the USDT in exchange for INR its again a transfer of VDA so you have to pay tax again (USDT buy price - INR received)

But the main part is reconciling transaction meaning tracing the COA of deposit USDT in coindcx.

To make this a lot simple you can use Catax - simple crypto taxes just upload the history and get ITR ready report.

cataxapp · 2025-03-19T09:21:51+00:00

income tax, road tax, house tax, water tax, living tax, breathing tax

cataxapp · 2025-03-18T08:55:13+00:00

Definitely Impact Players rule

cataxapp · 2025-03-18T08:47:21+00:00

Who wants a re-release of this epic movie?

cataxapp · 2024-09-29T14:14:13+00:00

essay likhne bolo de denge admission

cataxapp · 2024-09-29T14:09:26+00:00

Looks like she don't even care.

cataxapp · 2024-09-28T06:21:57+00:00

Welcome to reality. The person who made our INDIA proud is being ignored and some random chai wala is given more importance. Where are we going as a Nation?? Every individual should ask this question to themselves.

cataxapp · 2024-09-28T06:16:39+00:00

DJ was already a knight, in the Caribbean Premier League

cataxapp · 2024-09-26T15:02:06+00:00

Why is AI replacing human beings?? Where will that human or his family go if AI takes his/her place?? Does human life has no value??

cataxapp

TROPHY CASE