How does crypto taxation work in India ft. expert Edul from Mudrex

[abhishekhota]

This was so clearly explained - thanks!

[shadankhan]

Because of 1% TDS frequent trades are almost impossible. Because with every sale transaction your 1% of Sale amount is deducted. After few transactions your significant amount of capital invested will be wiped out..

[satyabratasatapathy]

Govt is scared about doing hawala transaction in crypto, trading in crypto was never a issue

[SRBG]

The tough part is no one can identify the crypto transactions on your bank account if you are doing it on Binance P2P.

[Dashman]

If you lose, you lose, if you gain, you have to pay taxes even your lose is bigger than your gain in your previous financial year.

[drphanisastry]

Investing in a company helps it raise capital for creating goods and services and there by growing the economy. What does investing in crypto do to the economy other than taking away liquidity and lowering consumer demand?

[AkshayChalilMeethal]

Most people who made nice amounts of money moved to Dubai and other tax havens due to this mainly.Polygon is one of them I guess, sad cause India had and still has a booking crypto dev community and overall better odds

[AshishGupta-npld]

Thank You so much for clarifying this so easily

[salmanbaig]

Thanks for the explanation!
Suppose I've bought 1 lakh worth Crypto (meme coins) and sell at 90k (10k loss) after holding them for 2 years, I'm not liable to pay any Tax, right?

[MaheshMahesh-hpfz]

It is treated as just like speculative business ( betting or gambling) . Flat rate of 30 percentage tax and no off setting of looses and gains. It is just flat rate

[harshadgandhi]

Total effective tax is 30, 000 not 28, 000.
We pay 2000 and 28000 later.
Please correct this.

[jazielyaelakechan]

Investors, what's your strategy with Block Sailor BLOCK?

[vamsiuppuluri]

How about a company that plays with crypto by giving its own shares or something like that

[sutarivishal]

Bhai the platform fees and conversion ?, crypto makes sense if you are making 500 percent or 1000 percent gains currently with tax all the middle men fee

[tumejoramigo-jbpz]

Feel the exhilaration as Block Sailor Token charts its course to greatness! 🚀

[Gpsuraj]

Why to compare with Equities .. when crypto itself altogether another asset class which falls under digital lottery ticket

[gamingwithketu]

Invest 1 Lakh
Profit 1 Lakh
tax 30K
Total 70K Profit
Final amount 170K😊

[ecoguy]

Do I have to pay tax if I don't withdraw the cryptos even if there's significant appreciation?

[basavarajj]

You have to see my client's face when I explained the taxation on crypto 😂😂

[newworldorder]

Why do you need to convert your crypto into fiat I just buy all the stuff I want with btc and eth or I just convert it into USDT.