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Legal advice for large crypto holder

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Raju92148r485784-1

Anon

26 Points Joined May 2022

Dear experts,

I own a very large amount of cryptocurrencies. I worked for cryptocurrencies a few years ago and heavily dabbled in ICOs, NFTs and DeFi.

I have only partial records here and there. There are tens of thousands of transactions. The websites I used are not there now.

I never sold or bought cryptocurrencies with rupees.

I want to pay taxes, but I don't want to risk my life. What should I do?

Replies (1)

You got to study ledger for last one year. The crypto you sold need to be listed down. Then run through txn statement of these cryptos. Cal capital gains and pay taxes @ 30%. Do it before you land in perpetual mess. You have to look up AIS and Form 26AS and resolve any mismatch of txn. That's it.