Tax On Cryptocurrency In India: What About 30% Tax

Coin Gabbar03 Feb, 2025Business

In India, cryptocurrency earnings are subject to a 30% tax under the country’s taxation laws. This tax applies to all profits from digital assets, including Bitcoin, Ethereum, and other cryptocurrencies. Additionally, a 1% TDS (Tax Deducted at Source) is levied on crypto transactions exceeding a certain threshold. Unlike stocks, crypto investors cannot offset losses against gains. The government’s strict taxation policy aims to regulate the crypto market while discouraging speculative trading. Traders and investors must comply with these tax rules to avoid penalties.