Apr 22, 2022 • 49M

S5 Ep118: Understanding Crypto Taxation in India With Harsh Bhuta of Bhuta Shah & Co. LLP

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Welcome to LongShorts! A TRANSFIN. Podcast where Nikhil Arora (https://twitter.com/Nikhil26A) and Sharath Toopran (https://twitter.com/SharathToopran) converse with entrepreneurs and business operators running successful startups, profitable SMEs and family promoted firms on one end, and top investment professionals representing VC/PE/credit funds on the other. The objective is to bring out an "actionable" perspective converging the world of business and investing.
Episode details

We speak with Harsh Bhuta, Partner at Bhuta Shah & Co. LLP, a Mumbai-based premier Chartered Accountant and Law firm, which deals closely in audit, taxation, advisory and corporate finance. 

Harsh shares his insights on the way cryptocurrency regulation - in particular, taxation - is taking shape in India. As a seasoned tax consultant, he breaks down the new rules and implications for Indian crypto investors as the country takes a (supposedly) accommodative approach towards regulating this enormously popular asset class. Despite commending its merits, Harsh is rather circumspect and feels that the framework is currently very tight, out-of-touch with global precedents and would not be conducive to attracting institutional volumes - unless regulations evolve fast enough. Will India miss the bus?

Listen in for an enlightening conversation.