Decoding 30% Crypto Tax in India | Crypto TDS Explained

Crypto currencies are on the rise again. Bitcoin has surged 158% in the last one year.

Crypto investors in India might want to book their gains. However, the tax laws around crypto currency taxation are complex to understand. In this video, we shall simplify the provisions of the income tax law so that even a 5-year-old can understand them. We’ll be revealing all the secrets and complex topics of crypto tax in India. We have also covered the TDS on crypto transfers.

We will cover section 115BBH (30% tax on gains), Section 194S (TDS on crypto currency transfer), etc. Here are the video chapters:

Book a call with our experts for assisted ITR / belated ITR filing using this link: https://www.taxbuddy.com/itr-filing

Here are the timestamps to save your time:
0:00 Introduction
1:16 Introduction of crypto tax
2:05 VDA
2:43 Taxation under head capital gains
4:22 Exemptions/Deductions disallowed
5:29 TDS under Section 194-S
7:47 Taxation of cryptocurrency as gifts
8:33 The correct ITR form to file
9:15 Outro

CONNECT WITH US:
Instagram:
https://www.instagram.com/taxbuddy1/

Facebook:
https://www.facebook.com/TaxBuddyOfficial/

LinkedIn:
https://www.linkedin.com/company/tax-buddy-india/

X:
Tweets by TaxBuddy1

Website:
https://www.taxbuddy.com/

If you like this video, hit the subscribe button, and don’t forget to press the bell icon 🔔 to never miss an update from us.
Thank you!

#cryptotaxation #crypto #bitcoin