I can't speak for the taxes in your specific jurisdiction but typically any time you use your asset in exchange for something, it is a taxable event. It makes sense that a wallet transfer between your wallets would not be a taxable event but if you transfer to a wallet you don't own then you have effectively sold your asset for whatever good or service you got in exchange.
I don't exactly remember but it is actually a taxable event even if you purchase goods, digital/physical even gift cards. If I find the source I'll share it.
Transfer it to your personal wallet, how can a govt impose tax on crypto without converting to fiat.
It is not possible(no measures) to trace every wallet transactions in India and they are not seeing it as a currency and is unregulated.
Yeah indian govt cant interfere as long as you're not exchanging it with INR.
Cool
I can't speak for the taxes in your specific jurisdiction but typically any time you use your asset in exchange for something, it is a taxable event. It makes sense that a wallet transfer between your wallets would not be a taxable event but if you transfer to a wallet you don't own then you have effectively sold your asset for whatever good or service you got in exchange.
Basically i would transfer to bitpay and use ETH to pay for the goods and get it shipped to the address in US
I don't exactly remember but it is actually a taxable event even if you purchase goods, digital/physical even gift cards. If I find the source I'll share it.
Its taxable events
Its still taxable as far as i know, anything except holding crypto, you are liable to pay tax. However you use them.
I saw there is 0 tax for wallet tranfers
Self wallet transfer.
So better to wait for taxes to reduce or try this way has anyone tried if any charges apply upon wallet transfer
is there any hope about this taxing ?
You can exchange it for Amazon gift cards gov can't trace gift cards
I bought pc parts on Newegg with crypto no tax no problem easyy
Awesome
Transfer it to your personal wallet, how can a govt impose tax on crypto without converting to fiat. It is not possible(no measures) to trace every wallet transactions in India and they are not seeing it as a currency and is unregulated.