India taxes crypto profits at a flat 30%. Plus 1% TDS on every trade. Here is what you must know.
All crypto profits in India are taxed at 30% with no deductions allowed, except the cost of acquisition.
Every trade over ₹50,000 triggers 1% Tax Deducted at Source. Exchanges like WazirX and CoinDCX handle this automatically.
You cannot set off crypto losses against other income or even against other crypto gains. Each asset is taxed separately.
Report all crypto transactions under Schedule VDA in your ITR. Failure to disclose = penalty up to 300% of tax owed.
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