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🇮🇳 Crypto Tax in India – Full Breakdown You Need to Know Before You Trade! 📉📈
Whether you're trading BOB, SHIB, BTC or PEPE — if you're in India, 💸 Uncle Income Tax is watching. Here’s everything you need to know in one simple post 👇
💰 1. Flat 30% Tax on Profits
----------------------------
📌 Applies only on profit when you sell crypto
📌 No deductions allowed (not even for gas, internet, or loss recovery)
📌 You calculate & pay this at the time of ITR filing
🔪 2. 1% TDS (Tax Deducted at Source)
----------------------------
📌 Charged on every crypto sale — profit or loss
📌 Must be paid at the time of sale
📌 Binance doesn’t auto-deduct this — you must deposit it manually if using Binance
🧾 3. Only Realized Profit is Taxed
----------------------------
📌 You are not taxed when holding
📌 Tax is triggered only when you sell crypto
📌 Withdrawals ≠ Profit unless the crypto sold had gain
😢 4. What About Losses?
----------------------------
📌 You cannot set off crypto losses against other income
📌 You cannot carry them forward
📌 Losses are just ignored by tax law (Section 115BBH)
🕵️♂️ 5. How Will ITR Know About My Crypto?
----------------------------
📌 They don’t — until you tell them
📌 But your bank withdrawals, TDS records, and UPI activity are tracked
📌 Mismatched filings can trigger notices or audits
💡 Pro Tip:
✅ Keep all trade records from Binance
✅ Use tracking tools like CoinTracker or Koinly
✅ File truthfully to avoid penalties 🚨
💬 Found this helpful?
Drop a 🧾 if you’re filing your first crypto tax return this year.
Share this to educate your Degen gang! 📤
#CryptoTaxIndia #BinanceSquare #CryptoProfits #TDS #CryptoEducation #TaxSeason2025 #BOBArmy #DYOR
Whether you're trading BOB, SHIB, BTC or PEPE — if you're in India, 💸 Uncle Income Tax is watching. Here’s everything you need to know in one simple post 👇
💰 1. Flat 30% Tax on Profits
----------------------------
📌 Applies only on profit when you sell crypto
📌 No deductions allowed (not even for gas, internet, or loss recovery)
📌 You calculate & pay this at the time of ITR filing
🔪 2. 1% TDS (Tax Deducted at Source)
----------------------------
📌 Charged on every crypto sale — profit or loss
📌 Must be paid at the time of sale
📌 Binance doesn’t auto-deduct this — you must deposit it manually if using Binance
🧾 3. Only Realized Profit is Taxed
----------------------------
📌 You are not taxed when holding
📌 Tax is triggered only when you sell crypto
📌 Withdrawals ≠ Profit unless the crypto sold had gain
😢 4. What About Losses?
----------------------------
📌 You cannot set off crypto losses against other income
📌 You cannot carry them forward
📌 Losses are just ignored by tax law (Section 115BBH)
🕵️♂️ 5. How Will ITR Know About My Crypto?
----------------------------
📌 They don’t — until you tell them
📌 But your bank withdrawals, TDS records, and UPI activity are tracked
📌 Mismatched filings can trigger notices or audits
💡 Pro Tip:
✅ Keep all trade records from Binance
✅ Use tracking tools like CoinTracker or Koinly
✅ File truthfully to avoid penalties 🚨
💬 Found this helpful?
Drop a 🧾 if you’re filing your first crypto tax return this year.
Share this to educate your Degen gang! 📤
#CryptoTaxIndia #BinanceSquare #CryptoProfits #TDS #CryptoEducation #TaxSeason2025 #BOBArmy #DYOR
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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