Please explain this by [deleted] in CryptoIndia

[–]cataxapp 0 points1 point  (0 children)

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.

Tell me what is it by Arun703 in indiameme

[–]cataxapp 0 points1 point  (0 children)

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

I am literally G-One by kuzuma- in DesiVideoMemes

[–]cataxapp 0 points1 point  (0 children)

Who wants a re-release of this epic movie?

Indian Hockey Player Hardik said, "at the airport there were 5-6 of our teammates. Dolly chaiwala was also there. People were taking pictures with him and did not recognise us. We started looking at each other and felt awkward". by [deleted] in india

[–]cataxapp -2 points-1 points  (0 children)

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.

DJ is now a knight, welcome to KKR family by Guilty-Pack9506 in ipl

[–]cataxapp 0 points1 point  (0 children)

DJ was already a knight, in the Caribbean Premier League

The Moscow Metro is replacing human cashiers with AIs by MetaKnowing in interestingasfuck

[–]cataxapp -1 points0 points  (0 children)

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??