Posts on the Topic Tax-rate

Cryptocurrencies in India are classified as Virtual Digital Assets (VDAs) and taxed at a flat rate of 30%, with a 1% TDS on sales, requiring careful compliance from investors. Only the purchase cost can be deducted against gains, complicating tax...

Starting August 1, 2025, cryptocurrencies will transition from VAT to income tax classification under Article 22 of the Income Tax Act, introducing a nominal tax rate of 0.21% and simplifying compliance for users and businesses. This shift aims to enhance...