Kalyan NaiduNov 27, 2021 · 3 years ago9 answers How does the taxation work for gifted money in the realm of digital currencies?
Can you explain how the taxation process works for gifted money in the realm of digital currencies? What are the rules and regulations that individuals need to be aware of when gifting digital currencies? How does the tax authority determine the value of the gifted digital currencies? Are there any specific reporting requirements for the individuals receiving the gifted digital currencies?