Crypto Tax: Income Tax department clarifies on how to file returns | Explained

• Amid confusion over digital asset tax, Income tax department has clarified that investors must take note that there is a taxability of the cryptocurrency for the ongoing financial year ending on March 31. So any transaction involving crypto assets before April 2022 will attract income tax. Central board of direct taxes chairman JB Mohapatra confirmed that the taxability of the crypto-currency is certain for this financial year too. Watch this video for more.