Post
Topic
Board India
Topic OP
Tax season upcoming - what are your plans?
by
avikz
on 22/01/2019, 10:24:49 UTC
Dear fellow members, as you all know that tax season is upcoming and we have started submitting the IPSF documents to our employers for year end tax calculation. What are your plans and how are you planning to show your income from cryptocurrency in your tax submission form?

For me, I have been showing the income under the head "income from other sources" which gets calculated in your total income and gives you a tax calculation. But this is effectively increasing my tax amount which I am paying out of my pocket. Any plan for this year to mitigate the due tax amount? I am already in 20% tax bracket. Any suggestion will be appreciated!