Hello Sir/Madam,
I am an Indian resident trading in forex market cryptocurrencies (mainly on propfirms ). I have a few questions and need expert advice regarding:
1. The correct way to report crypto income as per Indian tax laws (Section 115BBH).
2. Whether crypto P2P withdrawals or using stablecoins (like USDT) directly via offshore wallets (e.g., MetaMask, Trust Wallet) is legal.
3. How to legally minimize the 30% flat crypto tax (through gifting, family accounts, or any legal structure).
4. Whether setting up an offshore entity (e.g., in Dubai or Singapore) would help for tax savings and legal compliance.
5. Any FEMA/RBI guidelines I should be aware of if I use foreign exchanges or wallets.
I am looking for a short online consultation — preferably affordable — and may consider long-term advisory help if everything goes well.
Please let me know if you are experienced in crypto taxation and available for a quick call or video session.
Thanks and regards,
Krishna Soni
Rajsthan
CAclubindia
