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RE: India: Avoiding Penalty On Late Filing Of ITR

in #india6 years ago

You will be taxed based on consolidation of all the income(salary, house rent, bank interest etc). If you are already declaring income from salary etc, STCG(profit from sale of cryptocurrencies) will also get included and taxed accordingly.

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My only income right now is from Cryptocurrency plus whatever interest my Bank is paying which is almost nothing.