The Reserve bank of India had tried to impose ban in 2018 by restricting banking facilities to crypto exchanges, which was later ruled out by the Supreme Court and National Payments Corporation of India (NPCI) has also refused to ban crypto currency transactions. Since then Indians has invested billions of Rupees in crypto currencies like Bitcoin, Ripple, Matic, Dogecoin, Ethereum and many more. Although Income Tax Department has not yet provided any clarification or notification regarding tax implications on crypto currencies however it is advisable to pay tax on the same.

The Reserve bank of India had tried to impose ban in 2018 by restricting banking facilities to crypto exchanges, which was later ruled out by the Supreme Court and National Payments Corporation of India (NPCI) has also refused to ban crypto currency transactions. Since then Indians has invested billions of Rupees in crypto currencies like Bitcoin, Ripple, Matic, Dogecoin, Ethereum and many more. Although Income Tax Department has not yet provided any clarification or notification regarding tax implications on crypto currencies however it is advisable to pay tax on the same.

The Reserve bank of India had tried to impose ban in 2018 by restricting banking facilities to crypto exchanges, which was later ruled out by the Supreme Court and National Payments Corporation of India (NPCI) has also refused to ban crypto currency transactions. Since then Indians has invested billions of Rupees in crypto currencies like Bitcoin, Ripple, Matic, Dogecoin, Ethereum and many more. Although Income Tax Department has not yet provided any clarification or notification regarding tax implications on crypto currencies however it is advisable to pay tax on the same.

The Reserve bank of India had tried to impose ban in 2018 by restricting banking facilities to crypto exchanges, which was later ruled out by the Supreme Court and National Payments Corporation of India (NPCI) has also refused to ban crypto currency transactions. Since then Indians has invested billions of Rupees in crypto currencies like Bitcoin, Ripple, Matic, Dogecoin, Ethereum and many more. Although Income Tax Department has not yet provided any clarification or notification regarding tax implications on crypto currencies however it is advisable to pay tax on the same.

The Reserve bank of India had tried to impose ban in 2018 by restricting banking facilities to crypto exchanges, which was later ruled out by the Supreme Court and National Payments Corporation of India (NPCI) has also refused to ban crypto currency transactions. Since then Indians has invested billions of Rupees in crypto currencies like Bitcoin, Ripple, Matic, Dogecoin, Ethereum and many more. Although Income Tax Department has not yet provided any clarification or notification regarding tax implications on crypto currencies however it is advisable to pay tax on the same.