๐จ๐จ Do u have to pay tax on Airdrops ?
hi guys Cryptomaniac this side And today we will discuss how much tax u have to pay On diffrenet crypto transactions in india
So indian tax rate on gains is 30% + 1% tds
( And the minimum amount is 50,000 any less then that may or may not attract Tax and tds , no clarification )
On crypto purchaes and sales via P2P u have to pay 1% Tds ( Applicable yet on Indian exchanges )
For aircrops u have to pay at30% as it is considered as gift (above 50000)
On gifting and donation tax is bearable by The reciever
Purchasing and selling crypto is Free But any gains are taxable and also There would be no deductions or any Set off for losses :(
For example check comments
Asj any question in comment too