Understanding taxation as a crypto investor in India
As the tax season draws near, the taxation obligations for Virtual Digital Assets (VDAs) are a key topic among India’s crypto investors. As they prepare to file their taxes on gains and claim refunds where applicable, compliance remains crucial and non-negotiable. 2024 was another big year for crypto adoption in India, and this tax season is crucial in building trust and transparency. It also gives regulators a clearer picture of the growing crypto market in the country.
Given the existing tax structure—a 30% flat tax on gains with no offset of losses and a 1% Tax Deducted at Source (TDS) on crypto transactions—investors and traders must navigate their tax obligations carefully. While consulting a skilled tax expert is highly…
