Hi everyone, I have a question involving multiple steps? Can some one help me with this?
- If I transfer US Dollars from my US bank account to my Coinbase account in USA
- Now if I convert the US Dollars in my Coinbase account to USDT
- Now If I transfer USDT from my Coinbase account in USA to Wazirx account in India
- 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?