Post
Topic
Board India
Re: Tax on Crypto Trading as per New Tax Law - Explained
by
akhjob
on 30/03/2022, 09:33:37 UTC
@webtricks @teosanru I got few questions.

1. What if I buy BTC for 1 lakh at the start of a financial year let's say 1 April 2022 but didn't sell it in the financial year and the price was 2 lakhs on 31st March 2023. But I sold it in the next financial year for 2.1 lakhs on 1 April 2023 or later. Will I be taxed for 1.1 lakh or 0.1 lakh for the year 2023-24 ?

2. Let's say I bought BTC when it dumped using INR and when the price pumped I exchanged BTC to USDT. I will then never exchange my USDT to btc or INR. Should I pay tax for this? If so why.

3. How to calculate the profits in BTC pairs. If I trade in BTC pairs and make a realised profit of 0.1 BTC should I pay 0.03 BTC as Tax? Or equivalent inr value at the time of trade or filing tax?

Thanks in advance.