Krutika Adani
It is easier to log your transactions daily or weekly than at the end of the year. You can either use automated software like Koinly or do it manually.
Make sure that you are paying taxes under the right category, which allows you to save the maximum on your paid tax.
All tax regimes allow you some tax deductions for your individual or business expenses.
Users with simple tax calculations can use spreadsheets like Google Docs, while more advanced users need more specialized tax software.
It is always recommended to seek professional advice when you are unsure. This saves your crypto investments from undue penalties from authorities.