Understanding Crypto Taxation in India: What Every Trader Needs to Know
High Taxation on Crypto ProfitsIndia charges a flat 30% tax on crypto profits, similar to gambling income.
1% TDS on Every TransactionA 1% TDS is applied to every crypto transaction, impacting liquidity
Crypto Transactions and Their Tax ImpactTransactions like buying or selling crypto incur different taxes.
Challenges Due to Legal AmbiguitiesThe lack of clear guidelines on taxes for crypto payments, DEX trades, and token swaps adds to investor confusion.
Moving Forward with Balanced RegulationsAllowing loss offsets, reducing TDS, and providing clear tax guidelines could encourage crypto growth in India.