Last week the Indian govt. imposed taxes on crypto trading & transactions. But there is a lot of ambiguity as to what exactly the announcement was and more importantly, it’s implications. 30% tax on “Profits”. No deduction to be allowed except cost of acquisition. Loss from sale of digital assets can be set off only against the gains from sale of virtual digital assets.
India Crypto Tax - Winners & Losers
India Crypto Tax - Winners & Losers
India Crypto Tax - Winners & Losers
Last week the Indian govt. imposed taxes on crypto trading & transactions. But there is a lot of ambiguity as to what exactly the announcement was and more importantly, it’s implications. 30% tax on “Profits”. No deduction to be allowed except cost of acquisition. Loss from sale of digital assets can be set off only against the gains from sale of virtual digital assets.