USDT income is taxed differently than INR earnings.
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I’m getting paid in USDT for my freelance work, but the tax rules in India are confusing. Is this considered regular income or capital gains? Do I have to report it as soon as I receive the USDT, even before I convert it to INR?
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On the freelance side, keep in mind that USDT is treated just like regular professional income. You’ll need to report it based on the INR value at the moment it hits your wallet. Just include it in the business income section of your ITR and pay tax according to your slab.
My suggestion is: Start a log of the INR rates for every payment now, so you aren't scrambling at tax time. It’s worth running it all by a CA just to be 100% safe.