Quote from: erikalui on June 03, 2019, 05:11:09 AM

Crypto to crypto is not taxable till date nor your need to declare your crypto holdings. You only need to file returns if you have converted the crypto to cash and your bank statement can help you to track these earnings. You need to contact a good CA regarding the previous years who has good knowledge about crypto and taxes.

Thanks mate - just the answer I was thinking and hoping. Although there was a circular sent out earlier by the IT dept to all the traders on local exchanges - that doesn't seem consistent with non-declaration of crypto. Iirc that circular had asked for all holdings/addresses/exchanges that a person holds - pretty much a declaration of crypto assets. I hope your logic is right though.

Why do you say to contact a CA regarding earlier years? If crypto to crypto is non-taxable and crypto doesn't need declaration - according to your logic. Coz in that case everything seems to be fine according to law. Are you unsure of your assertions here ? Totally understandable due to the confusion.