How Taxes Work on Crypto in India

Somatirtha Purohit

Crypto profits in India are taxed at a flat 30% under Section 115BBH.

A 1% TDS applies on crypto transactions exceeding ₹10,000 annually for reporting purposes.

Goods and Services Tax of 18% applies to trading fees and related services.

Losses from crypto cannot offset other income; only acquisition cost is deductible.

Non-compliance leads to penalties; all crypto transactions must be reported in ITR.

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