Usdt querry

One of my client in india buy usdt through bidget exchange by p2p in india  and transfer that usdt to Excness for forex gold trading profit earn from exness and same transfer through usdt from exness to bidget and then again through p2p to bank account wat is the tax implication how will it works .

Replies (4)
Quick Summary
This discussion explores the tax implications for an Indian client who buys USDT on Bidex using P2P, transfers it to Exness for forex trading profits, and then converts it back to INR via P2P. The core question is whether profits from USDT price differences are subject to capital gains tax, while forex trading profits are considered business income.

Yes tax is liable over the profits..

@ mustafa

Plz write your question in simple English so that we can understand what exactly is the question.

But wat kind of tax i mean capital gain or business income whether for usdt price diff i have to show capital gain and forex trading as business income

Yes, cap gain & IFOS...

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