๐ฐ Crypto Tax in India: What Every Trader Must Know! ๐ฎ๐ณ๐จ
If you think making profits in crypto is all about buying low and selling high โ think again. In India, Uncle Samโs desi cousinโฆ the Taxman is also watching! ๐๐ผ
๐ Hereโs How India Taxes Your Crypto Gains in 2025:
โ Flat 30% Tax on Profits:
No matter if you made โน1,000 or โน1 crore โ your gains are taxed at a flat 30%. No deductions allowed. Not even on transaction fees!
โ 1% TDS on Every Sale (Section 194S):
Every time you sell crypto, 1% is deducted at source (TDS). This applies even if youโre in loss. Yes, you read that right.
โ Gifting Crypto? Itโs Taxable Too! ๐
If you gift crypto worth over โน50,000, the receiver may have to pay tax on it. Think twice before sending those tokens to impress your crush. ๐
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๐จ Important to Remember:
๐น Crypto is treated like lottery winnings in India โ not as capital gains.
๐น Losses from crypto canโt be adjusted against profits from stocks or any other assets.
๐น Exchanges report your transactions directly to the Income Tax Dept.
๐ก Why Should You Care?
๐ Failing to comply could lead to heavy penalties or even legal trouble.
๐ Stay tax-smart. Keep clean records of every trade.
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๐ Crypto isn't illegal in India โ but hiding your gains definitely is.
Trade smart. Pay smart. Stay safe. ๐
