Kuldeep (name changed) sold crypto tokens worth โน98,500 via peer-to-peer (P2P) transactions in 2022, making a modest profit of just โน1,500. The transaction was carried out through a centralized exchange, and he received โน100,000 directly into his bank account. #TrumpTariffs
Recently, he was shocked to receive a notice from the Income Tax Department, flagging the โน1,00,000 deposit. Despite providing screenshots of the trade and official exchange statements as proof, he was asked to pay a 78% penalty โ โน78,000 โ on just โน1,500 profit.
๐จ๐ญ SAD NEWS FOR INDIAN CRYPTO USERS #TrumpTariffs
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
0
0
Explore the latest crypto news
โก๏ธ Be a part of the latests discussions in crypto