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India looking to tax crypto trades and ecosystem in the country: Report

The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now reported

bitcoin, cryptocurrency, digital, exchanges
Reuters
1 min read Last Updated : Sep 13 2021 | 12:39 PM IST
The Indian government is looking to tax cryptocurrency trades and ecosystem in the country, news website ET Now tweeted on Monday, citing sources.

The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now reported

Topics :cryptocurrencydigital currencyIncome Tax department

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