Crypto Tax Calculation Done Accurately

Cryptos fall under the definition of Virtual Digital Assets as per the Finance Bill 2022. Income or Profits generated from the Sale of Cryptos are taxable at a Flat rate of 30% without exception

Income or Profits made from VDAs are taxable at a flat rate of 30%.

Capital gains cannot offset capital losses. While no tax is applicable to losses on the sale of Crypto, profits are taxable at a flat rate of 30%.

Transfer of Crypto assets from one wallet to another of the same person is not Taxable HODLing is not taxable. HODLing is when an investor holds a Crypto asset or stores a Crypto asset in his/her wallet ( wallet could be an exchange wallet or a personal wallet) without selling it.

Taxnodes integrates all your transactions from different exchanges and gives your tax reports in minutes. Our seamless password-less sign-in process helps you set up your account in minutes. Crypto tax calculation has never been easier.

You can access all the necessary information about tax on Crypto in India in the free downloadable Tax guide. Information about the Crypto tax has been taken from the Crypto tax bill ( Finance Bill 2022).

You can sign up on Taxnodes and calculate your taxes in less than 5 minutes

You can access the latest tax news in the Resources section on the Taxnodes homepage