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1. Tax on Crypto Transactions: In India, there is a 30% tax on all cryptocurrency activities like trading, mining, and exchanging.

2. TDS Requirement: A 1% Tax Deducted at Source (TDS) is applicable with a threshold of ₹50,000, and in some cases, it is ₹10,000.

3. Calculating Taxes: Taxes on crypto gains are computed using methods like Year-to-Date (YTD) calculations.

4. Losses Treatment: Losses from cryptocurrency dealings cannot be carried forward or offset against other income under Section 115BBH.

5. Reporting and Compliance: All individuals and entities who earn profits from cryptocurrency must accurately report and pay taxes according to the tax regulations in India.

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High Leverage Trading Lessons for Crypto Beginners

1. Many people are joining the world of crypto and depositing $15 to $50 to start trading.

2. They often choose to trade with high leverage, hoping to make quick profits and become millionaires overnight.

3. After making a small profit of $5 to $10, they become overconfident and take bigger risks.

4. Unfortunately, this can lead to a single trade causing them to lose all their funds and get liquidated.

5. Frustrated and disappointed, they blame the crypto market for their losses and they stop trading

6. It's important to remember that crypto trading carries risks, and it's crucial to trade responsibly and within your means

#Write2Earn #nadyisom