🇮🇳 Crypto Tax in India – What Every Trader Needs to Know 💸📉📈

Whether you’re trading $BOB, $SHIB, $BTC, or $PEPE — if you live in India, Uncle Income Tax is watching. Here’s your 2025 crypto tax survival guide 👇

1️⃣ Flat 30% Tax on Profits

✅ Only on net profits from selling

❌ No deductions allowed (not even gas fees, losses, internet, etc.)

📅 Pay at the time of filing ITR under Section 115BBH

2️⃣ 1% TDS on Every Sale

🔁 Applies to every sale (even if it’s a loss)

💥 Collected at the time of the transaction

📌 Binance doesn’t auto-deduct → You must pay manually via the IT portal

3️⃣ HODLing = No Tax

⏳ Just holding your crypto? No tax.

💸 You’re taxed only when you sell and realize profit

🏦 Withdrawing INR isn’t taxable unless it came from a profitable trade

4️⃣ Losses? They’re Ignored (Brutal, We Know)

❌ No set-offs against other income

❌ No carry forward

😓 In India, your crypto losses are not recognized

5️⃣ Will the Tax Department Know?

🕵️ Probably — via:

• Bank withdrawals

• TDS records

• UPI transactions

📬 Mismatches or silence can lead to notices or audits

💡 Pro Tips for 2025:

📂 Keep all Binance trade records

🛠 Use tools like Koinly or CoinTracker

✅ File truthfully, even if you’re under the radar

💬 Drop a 🧾 if this is your first time filing crypto tax

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