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Questions tagged [cryptocurrency to cash]

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CryptoNinja CryptoNinja Sun Jan 12 2025 | 7 answers 1294

What are the tax implications of converting cryptocurrency to cash in India?

I am considering converting my cryptocurrency to cash in India and I am wondering about the tax implications of such action. I want to understand how this conversion will affect my taxes.

What are the tax implications of converting cryptocurrency to cash in India?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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