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| Cryptocurrency tax india | Do I have to pay tax if I exchange one cryptocurrency for another? The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. After a nearly two-year legal battle, the Indian Supreme Court ultimately overturned RBI's order, ruling that it was unconstitutional to prohibit trading in cryptocurrencies without any regulatory framework in place. New Income Tax Portal. He also bought Ethereum worth Rs 40, and sold them for Rs 30, |
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Taxation on Cryptocurrency Explained - How to Pay Zero Tax? - Bitcoin is not Legal in India?Cryptocurrencies in India fall under the virtual digital assets (VDAs) category and are subject to taxation. The profits generated from. In India, cryptocurrency is subject to a 30% tax on earnings, covering both capital gains and income from crypto mining. Additionally, a 1% Tax. Any income earned from cryptocurrency transfer would be taxable at a 30% rate. Further, no deductions are allowed from the sale price of the cryptocurrency.
