Trading Crypto Coins, is it taxable?

[Vedant Boss]

I want to Know about Tax implemented on cryptocurrency.
1. Is it taxable if we trade one crypto currency to another crypto currency.
2. Is it taxable if we trade crypto currency to Indian rupee? Or selling cryptocurrency.
3. Is it taxable if we transfer crypto from one wallet to another.

 

[Adwait]

Yes, Trading crypto coin is taxable. You will have to pay the the tax of 30% of the your profit amount in India.

 

[sundernarwat]

I want to Know about Tax implemented on cryptocurrency.
1. Is it taxable if we trade one crypto currency to another crypto currency.
2. Is it taxable if we trade crypto currency to Indian rupee? Or selling cryptocurrency.
3. Is it taxable if we transfer crypto from one wallet to another.

Point 1, and 2 are taxable flat 30% ( tax applicable only in case of profits made on capital) + 1% TDS on every sell trade (For both loss & profit )

Point 3 - No its not taxable, in this case you have not sell anything, its just holding stock


1% TDS is applicable on on every sell trade (For both loss & profit )

30% Tax is applicable only on selling transactions on which profits made