All posts by fintax

January 21, 2025
Understanding India’s Crypto Regulations in 2024

1. Introduction The Republic of India, the largest country in the South Asian subcontinent, spans approximately 2.98 million square kilometers, making it the 7th largest country in the world by area, with a population of 1.44 billion. Since 2021, India has emerged as the fastest-growing major economy globally, maintaining...

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December 25, 2024
How to determine crypto cost basis for accurate tax filings

Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards. In the context of cryptocurrencies, “cost basis” refers to the initial outlay paid for digital assets. It is an important consideration when calculating capital gains...

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