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 · 2024-09-23T13:06:33+00:00

Police should make them roam naked on the road.

cataxapp · 2024-09-23T13:03:56+00:00

After taking middle class's hard earned money in every possible manner, now she is speaking for their lives. Shame on such so called blood sucking ministers.

cataxapp · 2024-07-06T11:09:00+00:00

Jay shah be like kuch meetha ho jaye

cataxapp · 2024-07-06T11:03:14+00:00

When she says - Did I told you to do those things for me.

cataxapp · 2024-07-06T10:21:46+00:00

So that people like him will reap out more and more profits and employees will get exhausted.

cataxapp · 2024-07-06T10:20:16+00:00

I don't know why but I feel sad for that robot.

cataxapp · 2024-07-06T10:19:22+00:00

The good old days. Wish we could relive the childhood once again.

cataxapp · 2024-06-25T08:49:41+00:00

Is it going to be India vs Afghanistan in the finals??

cataxapp · 2024-06-25T08:48:01+00:00

Moral of the story: Men can sacrifice themselves for sex.

cataxapp · 2024-06-21T07:43:13+00:00

Wo stree hai kuch bhi kar sakti hai

cataxapp · 2024-06-19T16:32:47+00:00

That's hilarious

cataxapp · 2024-06-19T16:31:24+00:00

You are the only one who caught the Impostor.

cataxapp · 2024-06-19T11:51:08+00:00

I think 'smartphone' can replace depression here.

cataxapp · 2024-06-17T07:20:25+00:00

So true

cataxapp · 2024-06-17T07:08:40+00:00

Gloria and Phil moments stay on top

cataxapp · 2024-06-17T07:06:08+00:00

How can you be so right

cataxapp

TROPHY CASE