🇮🇳 Crypto Tax in India – Don’t Get Rekt by Uncle Sam... I mean, Uncle Income Tax! 💰📉

Trading $SHIB, $BTC, or $PEPE in India? Think you’re only up against the markets? Nah fam — the real boss fight is with the taxman. 😅

Here’s your no-nonsense breakdown 🧾👇

🔴 1. 30% Tax on Profits

> Win big on a trade? You owe 30% flat on that profit.

❌ No deductions — not for gas fees, exchange charges, or even losses.

🧠 Pay it when you file your ITR.

⚠️ 2. 1% TDS on Every Sale

> Sell any crypto? 1% gets taxed instantly — profit or loss, doesn’t matter.

🏦 Some Indian exchanges auto-deduct this.

🔁 If you're using Binance, you gotta deposit TDS yourself. (Form 26QE)

💡 3. Just Holding? No Tax!

> Relax — you’re not taxed just for HODLing.

Tax hits only when you sell and lock in profits.

Withdrawals ≠ Profits unless you sold for a gain.

🫠 4. Losses? Sorry, No Love Here.

> Made a bad call? Tax dept doesn’t care.

❌ Can’t set off losses.

❌ Can’t carry them forward.

It’s like it never happened — brutal. (Section 115BBH)

🕵️ 5. Will They Know About My Crypto?

> Technically, no — until you tell them.

But 👀 your bank withdrawals, UPI logs, and TDS entries are watched.

Mismatch = audit or notice. Play smart.

🛠️ Pro Tips to Survive Tax Season: ✔️ Log all trades — screenshots & records 📸

✔️ Use tools like Koinly or CoinTracker

✔️ File honestly — no one wants a tax raid 🚨

💬 Filing your first crypto ITR this year?

Drop a 🧾 in the comments!

Tag your crypto gang and keep them out of tax trouble! 🧠🔥

#CryptoTaxIndia #BinanceTips #CryptoMadeSimple #TaxReady #Web3India #TDS #HODLResponsibly