💰 Crypto Tax in India: What Every Trader Must Know! 🇮🇳🚨
If you think making profits in crypto is all about buying low and selling high — think again. In India, Uncle Sam’s desi cousin… the Taxman is also watching! 👀💼
🔍 Here’s How India Taxes Your Crypto Gains in 2025:
✅ Flat 30% Tax on Profits:
No matter if you made ₹1,000 or ₹1 crore — your gains are taxed at a flat 30%. No deductions allowed. Not even on transaction fees!
✅ 1% TDS on Every Sale (Section 194S):
Every time you sell crypto, 1% is deducted at source (TDS). This applies even if you’re in loss. Yes, you read that right.
✅ Gifting Crypto? It’s Taxable Too! 🎁
If you gift crypto worth over ₹50,000, the receiver may have to pay tax on it. Think twice before sending those tokens to impress your crush. 😂
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🚨 Important to Remember:
🔹 Crypto is treated like lottery winnings in India — not as capital gains.
🔹 Losses from crypto can’t be adjusted against profits from stocks or any other assets.
🔹 Exchanges report your transactions directly to the Income Tax Dept.
💡 Why Should You Care?
👉 Failing to comply could lead to heavy penalties or even legal trouble.
👉 Stay tax-smart. Keep clean records of every trade.
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📊 Crypto isn't illegal in India — but hiding your gains definitely is.
Trade smart. Pay smart. Stay safe. 🚀