{"id":146496,"date":"2025-01-10T18:51:21","date_gmt":"2025-01-10T16:51:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146496"},"modified":"2025-01-10T18:51:21","modified_gmt":"2025-01-10T16:51:21","slug":"indias-crypto-tax-update-20x-gains-for-early-investors-with-this-coin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/indias-crypto-tax-update-20x-gains-for-early-investors-with-this-coin\/","title":{"rendered":"India’s Crypto Tax Update: 20x Gains for Early Investors with This Coin"},"content":{"rendered":"

In 2022, the tax system will impose a 30% tax on profits derived from virtual digital assets (VDAs) or cryptocurrency earnings.<\/p>\n


\n

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.\u00a0<\/strong><\/em><\/span><\/p>\n


\n

Amid these developments, this coin may be poised to explode as the next cryptocurrency to reach $1. Understanding the implementation of crypto tax in India is essential for investors as they need to adhere to the law. Let\u2019s take a closer look at the latest updates.<\/p>\n

Click here to learn more about DexBoss<\/u><\/b><\/a><\/p>\n

\"\"<\/p>\n

Current tax structure for cryptocurrencies in India<\/h2>\n

The Income Tax Act now includes two major key sections \u2013 Section 115BBH and Section 194S, which outline the taxation of cryptocurrencies, NFTs, tokens and other VDAs. Under these sections, a flat tax of 30% on profits from VDAs will be implemented, which will be further accompanied by a 1% tax deducted at source (TDS) on all cryptocurrency transactions. In addition, non-commercial income from VDAs may be subject to income tax at individual rates, further complicating the tax implications for investors.<\/p>\n

Further tax split:<\/p>\n