#CryptoRoundTableRemarks

What can you say about crypto?

Cryptocurrency, or crypto, is a form of digital payment. Unlike traditional currency which represents physical money, cryptocurrencies are purely digital assets. Although people use it primarily for online transactions, you can sometimes use it to purchase physical assets.

How much tax is on crypto in India?

30%

3. What are the crypto tax rates in India? India has a flat 30% tax on crypto gains, and it applies across the board—whether you're trading, selling, or even spending your cryptocurrency. In addition, there's a 1% Tax Deducted at Source (TDS) on transactions over ₹50,000 (or ₹10,000 in some cases).

How to avoid 30% tax on crypto?

Selling: You may be liable for a 30% tax on any profits if you plan on selling, swapping, or spending the received tokens later. Buying: Earning new tokens is taxed upon receipt at your Individual Tax Rate. Since no buying or selling is taking place while holding onto your crypto assets, there is no tax on the same.