Understanding Cryptocurrency Tax In India: 30% Tax And 1% TDS Explained

In India, cryptocurrency gains are taxed at a flat 30%, with a 1% TDS on transactions. Cryptocurrencies are classified as Virtual Digital Assets (VDAs) but are not formally recognized as legal tender. Although cryptocurrencies aren’t illegal, the government has implemented taxes on crypto profits. A comprehensive policy is being developed, but investors must follow current tax regulations.