07/07/2025
*ODFC Webinar: Digital Assets Tax in India*
In India, cryptocurrencies are taxed as Virtual (VDAs). If you are unsure about your crypto tax situation, you're invited to attend this webinar, and also, you may schedule teleconsultation with experts at your preferred time. The initiative is writing a new story of awareness and financial freedom in the lives of youth across 750+ districts in India. Visit 0DFC.com for more information.
ODFC Digital Helpdesk
WhatsApp 🪀 8779696580
Email 📨 [email protected]
1️⃣ - Profit Tax:
A flat 30% tax is applied to profits from trading, selling, or spending cryptocurrencies.
2️⃣ - Tax Deducted at Source (TDS):
A 1% TDS is applicable on crypto transactions exceeding INR 50,000 (or INR 10,000 in certain cases) in a financial year.
3️⃣ - Reporting:
Crypto Profits must be reported in the Schedule VDA of the (ITR).
4️⃣ - No Distinction:
The tax rate applies uniformly, regardless of whether gains are short-term or long-term.
WHEN DO YOU HAVE TO PAY CRYPTO TAXES?
When trading or investing in crypto, common taxable events include:
1️⃣ - Selling crypto for cash –
If you sell or other crypto for cash, you might owe taxes on any profit you make.
2️⃣ - Trading one crypto for another –
Swapping one crypto for another is usually a taxable event (e.g., trading ETH for SOL).
3️⃣ - Buying things with crypto –
Paying for goods or services with crypto is like selling it, so you might owe taxes.
4️⃣ - Getting paid in crypto –
If you mine, stake, or get paid in crypto, it’s typically taxed as income.
🎯 ODFC Digital Community -
The market of digital assets is growing very fast day-by-day. Before entering it, many people have the fear of account freeze or crypto tax complications. By joining the ODFC Digital Community, you can know how crypto tax is levied in India and what rules are necessary to follow for crypto or forex trading so that your account will not be frozen.
