[User_2cd122dc]

U

User_2cd122dc
PARTICIPANT
May 8, 2026 at 9:22 am

tax lawyer here.

1. yes safe.

2. you are an employee, what risk you have if you have a genuine contract, you are doing good work.

3. contractor, if you are a software dev, then you will save money in income tax by going 44ADA

4. yes. this one needs explaining.

you worked for april month and got 1000 USDT on 1 may 2026. to receive that in coindcx, sell immediately and receive 98000 on same day. you withdraw to indian bank.

you will need to declare these 3 txns.

1. receipt of 1000 USDT as receipt of remuneration against work done. on 1 may in say trust wallet. (this is buy entry)

2. transfer of trust wallet balance to coindcx.

3. sale of coindcx on 1 may 2026. (this is sell entry)

you can skip #2 if you directly receive in coindcx for example.

you wil need to pay VDA tax on (sale entry rate, lets say 98) less (buy entry rate) (lets say 97 was on coindcx.. so 1 *1000 = 1000 gain approx and 300 rupees crypto tax.

5. on boarding to your employer? yes fine. remember they might have different privacy policies than indian companies so they can process your details and documents differently.

6. you are already talking to me, let me know what you need, happy to connect

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