Recently, in a report published by
[BS] it is mentioned that crypto regime will not be going to change in next 2 years. That clearly means, we have to pay 30% tax on each individual crypto gainand and never forget to pay 1% tds in case of p2p transaction and it is applicable for crypto to crypto transaction as well.
What can be the best strategy to minimize the tax?
Not sure how Business Standard has predicted that the crypto tax is not going to change for next 2 years. But there's literally no way to minimise crypto tax in you are dependent on exchanges. Even for P2P transactions, there will be tax.
I think the best way to pay less tax is through gift cards right now. If some relatives are planning to purchase something from Amazon, you take cash from them and give them gift cards. Otherwise there's no straight forward way to save on tax.