How do I report cryptocurrencies on my tax returns?
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Shyamal Modi, Tax Advocate | Financial Advisor | Virtual CFO 
Answered on November 25,2021
If cryptocurrencies are held as an investment, you have to show it under the head of Capital Gains. Gains from which are chargeable @ 15% if held for less than 36 months.
If you are regularly trading in cryptocurrencies, you can show it as income from the head business. Gains shown under this head shall be chargeable at regular slab rates.
Whichever way you go, you should maintain continuity in future years.
Feel free to get in touch in case of any doubts!
Whastapp: +91 90333 77645 | Email: shyamal@smartfinserv.in
Regards!
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