Ria (Student) (69 Points)
28 January 2023I earn income through crypto trading and crypto investments.
My main source is through P2P, so I don't get money directly in my bank account.
I know that income tax applicable on crypto gains is 30%.
But what other ways are there to reduce the tax liability?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177771 Points)
Replied 28 January 2023
No deductions are allowed for any gain in crypto investment..
But if you are doing any such legal business, in that case expenses related to such business are deductible.
CAclubindia
