How much profit do I have to make in cryptocurrency to be liable to pay taxes?


Last Update 2 years ago

In the recently presented budget, Finance Minister Nirmala Sitaraman made it quite clear that any cryptocurrency transaction will be subject to taxation. 

There are no tax slabs, and every transaction will be subject to taxation as long as it gains profits. In other words, even if you make a profit of 100 rupees from a cryptocurrency like bitcoin, you must pay tax on that profit.

Although there is a threshold of 10,000 rupees for paying TDS, there is no such limit for paying the 30% crypto tax.

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