/cdn.vox-cdn.com/uploads/chorus_asset/file/25733822/teenageengineering1.jpg?w=400&resize=400,250&ssl=1 "Teenage Engineering’s new OP–XY makes me wish I had a bigger budget for music gear")
Bitcoin rally profits? Don’t overlook advance tax and reporting obligations
Source: Live Mint In 2022, the Indian government introduced a flat 30% income tax on gains from cryptocurrencies and Non-Fungible Tokens (NFTs). Investors riding the current rally should be aware of their advance tax and reporting obligations to avoid penalties under the Income Tax (IT) Act. With a 1% TDS deducted on sales of these…