You are viewing a single comment's thread from:
RE: India: Don't Forget To Pay Your Advance Taxes On Your Income!
What about Students who get scholarship like in their Masters and PhD? Do they need to be careful? As far as I know they don't have to pay tax for their salary. But what if they do crypto transactions etc? This is really a gray area it seems.
As per law it is mandatory to declare any and all income by filing your returns. Law is clear about this. Cryptocurrency income or not, any deposit into your bank account needs to be accounted for. :)
Even scholarships? I dont know any PhD student who pays tax.