3 Ways to Pay ZERO Taxes on Crypto (LEGALLY)

3 Ways to Pay ZERO Taxes on Crypto (LEGALLY)

As per Budget 2022 - Income from transfer of crypto will be taxed at 30%. No deductions will be allowed except the cost of acquisition of digital assets. Loss on sale of digital assets cannot be set off against any other income & TDS at 1% will be levied above the threshold.

Under this pretext, how does one save taxes on Cryptocurrency Gains? In this video we have explained 3 really simple ways to save taxes on Crypto Gains - and yes all of these are completely LEGAL

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[Andrew.Tate-]

If Congress say "no crypto tax " in their election campaign I will vote for them

(Edited) Thank you for the likes and comments

[rakeshchacharia]

First : Crypto losses cant be setoff from any income (including Crypto Income)
Second: Squaring off transactions before 1st April will not attract the NEW provision. It Doesn't mean that no taxes on that. people have to pay taxes on that also as assuming that as STCG LTCG or business income similar to Shares.

[sahilmehtani]

Yhi hota haijab koi nonCA hokr bhi CA bnne ki hoshyari krta hai 🤦🏻 losses setoff nai ho skte crypto ke profit se madam video bnane ki jldi mat kro pehle ache se research kro, seems the video is clickbait

[velz]

So what is the "process" of OFFSETTING crypto gains with the crypto losses?? I mean is it the provision to be done while filing And somehow i still thinking there lack of clarity that we can use crypto losses to offset or crypto gains....If possible can you make one more video about the same....Thanks.

[wrwxxsd]

hoew the gain will be calculated if we sent NRE salary to india via crypto buying in Foreign crypto exchange and selling crypto in INdia crypto exchange ...in form 26as only 194 s and the TDS deducted is mentioned will this 194S only sell considered as capital gains in this case ?

[viralayan]

According to my knowledge, even if we transfer crypto we will be in the 30% tax right???

[professorelement]

hello sir mera ek question hai pls bta do bhot video dekhi lekin kuch samaj mein nahi aaya.
mene binance se RS 1, 00, 000 ka p2p kara or crypto buy kari or vo crypto mene ek nft p2p/m2e project mein mein daldiye or 1 nft buy karli or dailyke earn karne laga.

CASE.1 mene 1.5 lakh bnaye us project se or jab mein funds apne project wallet(jo create kara tha us project ke liye) se send karunga binance wallet mein to kitna tax dena padega tax kese calculate hoga.

CASE.2 jha mene 1 lakh lagaye the us project mein loss hogya or vo project band ho gya
fir mene 1 lakh or lagakaar dusre nft earning p2e/m2e game project mein entry li or usme mene 2.5 lakh bnaye
to ab mujhe kitne amount par tax bharna padega

pls bta do sir ji. IMPORTANT🙏🙏

[saksham]

Mam if we are keeping it for long run only 1 trade of buying then no need for tax only when I sell

[nikhilpuri]

Will the 30 percent cut off from the exchange or when it ll transfer to the bank account then we ll hv to pay and what if I don't pay tax?

[neeraj_dama]

5:10 incorrect . CBDT chairman, RBI Team and other Finance Secretaries are saying now also tax on crypto is applicable.. People who were booking profits did submit the ITR with Crypto profits mentioned under OTHER SOURCES / LTCG and paying taxes on it. Indian Crypto reddit pages are full of posts where people received notices from ED inspite of submitting ITR and paying taxes on crypto profits.

[cakbhalotia]

I appreciate your efforts in making this video, but it would have been better if you would have avoided making this video.
Reasons -
1. Currently Crypto Transactions are not exempt from taxation, They are taxable its just that any specific method of its taxation has not been defined in the Act, so it will taxed as per general method.
Gains on Crypto could be offered to tax as Income from Other Source, or Profits & Gains of Business and Profession, or Capital Gains and taxed as per normal Income Tax Slab rates.
2. You tried to distinguish between the word Transfer and Transaction in your video. Well the Income Tax Act has used the word Transfer and not Transaction. The word transfer is broadly defined under section 2(47) of Income Tax Act 1961.

3. If your set-off example was true then why should anyone trade in Crypto, because to save 30% tax you have to make a 100% loss. Isn't it kind of stupid ?

[Studytosuccess]

Humne pesa wallet me add kiya, profit bhi wallet me aya lekin account me withdraw nahi kiya. To 30% tax kisme dena padega? wallet me ya bank me withdraw krne ke baad 30% tax krna padega?

[Ajay_-_-_-_--_-_graphics]

What if convert any crypto currency profit in USDT and then sale can we should pay 30% tax on this situation

[anitnandi]

Please let me know.. can we avail normal Deductions over Crypto taxable income and also claim refund of deducted TDS..

[vikas]

Hello mam.. What if I buy crypto with different currency of any other country and sell it in INR???

[Hooda-Rohtak]

Let me correct you dear...you can't offset crypto loss even with crypto gain.

[mrutyunjaypatra]

Didi ye jo 30% tax he students ke upar bhi lagega kya ??
Agar tax lagega, Kuch minimum amount of profit pe lagega ya fir jitna bhi profit ho 30% Dena padega ??

[MrSumitroy]

Hi if someone sale coins and don't transfer the profit money in bank and hold in exchange then what happen, let me know.

[iamaskid]

What if i purcase crypto and i got profit but i didnt sell it should i have to pay the profit on yearly basis
Or i have to pay taxes when i sold them like i buyed today and i am playing to sell it after 20 years and from day 1 i got profit should i have to oay profit on finacial year i have to pay taxes when i sold if after 20 years

[AzharGhumakkad]

Mera NRE bank account hai sbi mein. 
Agar mein International exchange se crypto buy ya sale karta hun p2p se 

To kya mujhe tds 1% katwana hoga aur kya mujhe 30%tax v dena hoga ?

Please suggest me the better option to invest in crypto as a NRI.