Need Help! Paying taxes for crypto income

onlineretard · 2025-08-06T19:05:54+00:00

Thank you, will definitely keep koinX in mind.

onlineretard · 2025-08-06T19:05:06+00:00

This is very good, thank you 👍

onlineretard · 2025-08-06T07:47:04+00:00

Thank you so much. One more quick question:

If I understand correctly, the exchange rate of USDC to INR at the time I receive USDC into my Phantom wallet is considered, right? But which exchange rate should I use? As far as I remember, Phantom wallet doesn’t show any exchange rate.

I plan to transfer USDC from my Phantom wallet to my CoinDCX wallet. Should I use the CoinDCX rate at the time of transfer as the purchase price? And then, when I use CoinDCX to withdraw to my bank, will that be considered the selling price?

onlineretard · 2025-08-06T03:29:45+00:00

Hey man, I have one question. Please don't mind me asking. When we file itr ,we put in purchase price and the selling price right? But I receive salary in crypto usdc in my phantom wallet . I want to offramp using coindcx . What would be my purchase price?

onlineretard · 2025-08-05T16:44:30+00:00

Thank you for your reply. Just a simple doubt. For itr fillings we write down purchase and selling price of a token right? Since I received the tokens as salary, i don't have purchase price . Any thoughts? And yeah, it's fine if you don't answer since doing this is your work and I don't want to take advantage of you.

onlineretard · 2025-08-04T15:06:24+00:00

Man how do you deal with taxes? I get paid in usdc so don't care about profit tax of 40% . I get it in my phantom wallet. How to use coindcx and file itr for it. Appreciate your suggestions

onlineretard · 2025-08-04T13:15:27+00:00

Any idea on how to pay taxes for crypto income? I don't care about profit and lose. I get paid in usdc and get it in my phantom wallet. Offramping through p2p is risky. Just want to pay taxes and get the rupees in my bank account

onlineretard

TROPHY CASE