Crypto Tax (USA / INDIA)

Tax Questions
#1

Hi everyone, I have a question involving multiple steps? Can some one help me with this?

  1. If I transfer US Dollars from my US bank account to my Coinbase account in USA
  2. Now if I convert the US Dollars in my Coinbase account to USDT
  3. Now If I transfer USDT from my Coinbase account in USA to Wazirx account in India
  4. Convert the USDT present in Wazirx account to INR and withdraw the INR to my Indian bank account.

Do I need to pay any crypto tax in USA or INDIA in the above scenario?

#2

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