1. 30 % Tax on Capital gains 2. 1% TDS on transactions 3. No deduction 4. No Set Off

Government has imposed a 30% tax on the income generated from the transfer of crypto assets.

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1% TDS on Every Transaction

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No Tax Deduction

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A loss from one crypto asset cannot be covered or set off against the income generated through another crypto asset.

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Tax on Gifting Crypto / VDA

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Get More Insights on Crypto Tax India 2022

1. 30 % Tax on Capital gains 2. 1% TDS on transactions 3. No deduction 4. No Set Off

Crypto Tax India :

effective from April 1st

Government has imposed a 30% tax on the income generated from the transfer of crypto assets.

30% Flat Tax

1% TDS on Every Transaction

1% TDS (Tax deducted at source) will be applicable on each transaction related to virtual currencies.

No Tax Deduction

Tax deduction will not be allowed in respect of any expenditure while computing the income except for the purchasing cost.

A loss from one crypto asset cannot be covered or set off against the income generated through another crypto asset.

No Set Off

Tax on Gifting Crypto / VDA

Gifting virtual digital assets will also be taxable in the hands of the recipient.

Get More Insights on Crypto Tax India 2022