Cryptocurrency Wallet to Wallet Transfer பண்ணா Income Tax உண்டா ? #Cryptotalks #Taxpuram



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When you move crypto between your own wallets, you still hold onto the asset. So this wouldn’t count as a disposal and therefore wouldn’t be subject to Capital Gains Tax.

This is why it’s so important investors keep meticulous records of their crypto transactions, so tax offices can distinguish between transfers and disposals.

Transferring crypto between wallets is not taxed.
Tax offices haven’t issued guidance on the taxation of crypto transfer fees yet.

Therefore, transfer fees might be seen as a disposal.
Transfer fees may be seen as an investment expense, not a cost.
Category
Cryptocurrencies
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