Janani VeeramanikandanJan 11, 2022 · 3 years ago5 answers What are the tax implications of making profits from cryptocurrencies?
What are the potential tax consequences that individuals should be aware of when they make profits from cryptocurrencies? How does the tax treatment differ for short-term and long-term gains? Are there any specific reporting requirements or forms that need to be filed with the tax authorities? What are the possible penalties for non-compliance with cryptocurrency tax regulations?