Key Points of India's Crypto Tax

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India classifies Cryptocurrencies and NFTs as virtual digital asset

Any virtual digital asset shall be taxed at the rate of 30 percent

Key Points of India's Crypto Tax

India classifies Cryptocurrencies and NFTs as virtual digital asset

Any virtual digital asset shall be taxed at the rate of 30 percent

Mining infrastructure is not considered as the cost of acquisition

New tax law doesn’t let you offset crypto losses against crypto gains.

All crypto transactions will be subject to a 1 percent TDS.