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Need help calculating crypto taxes, reconciling wallets, or filing ITR?
We are a team of CA helping clients in ๐ฎ๐ณ ๐บ๐ธ ๐ฌ๐ง ๐ฆ๐บ stay compliant.
๐ฉ DMs open
๐ RT to save a fellow crypto bro
Made money in crypto this year? The taxman is watching.
With BTC shooting from $15K (2022) to $114K now, profits are realโbut so is the tax liability.
Hereโs what Indian crypto investors MUST know ๐
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๐ Gifted crypto worth > โน50K?
Itโs taxable in the recipientโs hands unless it qualifies as exempt (e.g. from close relatives)
5/
๐ VDA reporting in your ITR is now mandatory.
There's a dedicated section for it.
Miss it, and it could trigger scrutiny.
๐ฐ 30% flat tax on gains from Virtual Digital Assets (VDAs)
๐ซ No deductions
๐ซ No set-off of losses
๐ซ No carry forward
Profit? Pay 30%. Simple (and painful).