Decoding 30% Crypto Tax in India | Crypto TDS Explained | TaxBuddy

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: www.taxbuddy.c...
Here are the timestamps to save your time:
0:00 Introduction
1:16 Introduction of crypto tax
2:05 Virtual Digital Asset (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
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#cryptotaxation #crypto #bitcoin

[@sanketkumar2806]

Tax Dene mai koi dikat nhi but loss ka set off hai hi nhi 10lkh kmaya 10lkh loss kar diya phir kha se dekha 10kh pe tax

[@Your_Raks]

Total 13lakh + charges lost

[@atzfact]

Hmm

[@marketgeek2647]

@@Your_Raks Bhai maths seekh, 10 lac ka loss hua, 3 lac tax diya but 7 lac ka net profit bhi toh hua. Actual loss is only 3 lac which is tax paid on profit

[@Your_Raks]

@@marketgeek2647 tu gadha hai kya he said 10lakh ka loss hua ek trade mai and as per guidelines woh loss set off nahi ho sakta. Ab usne profit kamaya 10lakh ka pr uspr 30% tax lagta hai that is 3lakh. Kitne ka nuksan hua? 13lakh ka

[@codejunkes4607]

Aur do Modi ko vote!!

[@mdaabid8043]

All traders boycott BJP 2024

[@anubhavthakur970]

Bro suppose if i got the payment from other country in usdt and i am selling it through p2p in India then tax will be applicable?

[@marketgeek2647]

If i dont fall into tax paying income slab then do i have to pay 30% tax?

[@RavikumarRandhir]

I think Yes

[@marketgeek2647]

@@RavikumarRandhir ok thanks

[@amitkumar-we2vk]

sir agar direct next year karge paisa withdraw kar k tab koie dikat to nhi hoga na hum 2021 sa investment kar rhe hai lakin withdraw nhi kiye hai

[@investment120]

10 की चीज़ में 8Rs टैक्स और 100 की चीज़ 90 में खरीदो ,उसमे 20 rs मुनाफा हो तो उसमे भी 1% tds (90+20= 110) 110-1%tds+charges = 108 उसमे 30% टैक्स {20-6(30%टैक्स)} = 14 108-14= 94 90 के सामने 20% प्रॉफिट हो फिर भी आपके हाथ में 4 rs आयेंगे 😂😂

[@아름다운_WORLD]

Sir mera ek question tha mere trust wallet me mere 200 usdt pade hue hai agar ma unko ethereum me convert kar dunga or wazirx per transfer karunga to mujhe tax kab se kab tak ka Dena hoga mujhe text tabhi se Dena hoga Na jab se Maine usdt se ethereum convert Kiya hai to mujhe tax utna hi Dena hoga Na jitna ethereum se mujhe purchase ke bad profit hua hai uska 30% Dena hoga ya usdt per bhi 30% lagega

[@ImranKhan-zp9vy]

Crypto per tax lagaker Govt. Crypto market ko India me discourage kerna chahti hai taaki log dheerey dheerey crypto se door ho Jaye. Jabki India. Me bohot saarey logo ka paisa crypto me lava hua hai Govt crypto trader ke Saath bohot ghalat ker rahi hai ye ek type se govt ka Tax Terrorism. 🙄hai

[@firekid5790]

as a freelancer if someone send me usdt and if i convert to INR, exchnage platform auto deduct TDS, can i reclaim it?

[@Cryptosada9]

Ban nirmala sitaraman 🥲

[@sumitpro7609]

😌👍

[@RahulSingh-mp5yy]

DELTA exchange India me futures trade karne se 30% Tax nhi Dena hota hai, aisa sabhi bol rhe hain, or inke platform par bhi mention hai. Kya aap kisi Indian CA ya Tax advisor se confirm karke, proper research ke sath ye baat video me bta sakte ho?

[@Aryansingh-1207]

Bhai me bhot confused hu ye tax lagega ki nahi

[@hamid_091]

I did not support this 30% tax but i have alternative option on crypto investing that if after paying 30% still i make 10-15% of my principal amount in a week or a month i think its better because in demart account i will not able to make that much for this short period so it is good investment for me but for long term wealth making will look for direct equity or mutual funds or bonds.

[@keshav0852]

Very Informative video Sir 👏👏🙏🙏 Sir, Please make this type of Informative videos 🙂

[@MRPIYUSHPAREKAR]

सर मुझे 50 k के अंदर crypto gift मीलता है. तो मे ओ coin dcx app पर ले के sell करता हुं. तो मुझे कितना tax लगेगा‌.

[@Unexpected_boy-AB]

What if we take payment for our work or services and then Convert into UPI?

[@rajnishsunjava]

delta echange india पर सभी तरह के चार्ज और टैक्स को clear करने के बारे में video बनाइए तब इसपर account open कराएंगे। deposite charge,withdrawal charge, profit टैक्स कितना लगेगा, gst , tds, कौनसा चार्ज client को भरना होगा, कौनसा delta exchange कटेगा

[@rajeshkumarvlogs4615]

Please answer my questions Man lo mere friend se 50000 rs ke crypto coins khareede aur usko maine in hand cash de diya aur usne mere crypto currency exchange pe crypto bhej diye yaha ek aur bat mere friend ne bhi abhi koi profit nahi kiya yani usne jo crypto bhejo wo samjh profit wali nahi balki khud ke paise se li hui crypto mujhe transfer kar aur jab mere pass crypto currency ayi maine turant usko sell karke INR me apne bank me withdrawal kar liya to is kya is situation me bhi mujhe 30% tax aur TDS pay karna padega ?

[@sagarbardhan970]

IS THERE ANY TAXES IF WE LEND CRYPTO WHILE HOLDING?

[@CAyashpanjwaniji]

No

[@BitcoinAndCryptoCurrency]

I agree with him, this was easy to understand

[@anonymous-qm6pl]

Boycott bjp

[@BitcoinAndCryptoCurrency]

I am going shopping now after this video 💰

[@suryadadwal1563]

Agar Rs500 ka profit hua hai to bhi tax dena padega??

[@CAyashpanjwaniji]

No

[@osamajawed4541]

agr sal me 50000 se kam hm income generate krte hai crypto se to kya tax bhrna hoga plzz reply its urgent

[@CAyashpanjwaniji]

Yes 1000 per bhi tax lgega to ye to 50,000 hain

[@Attitude_Killer_]

80a ... Kuch rule act law hai kya jo log 50000 ke niche income kare aur tax dena pa pare

[@Faisalgulzarokay]

I bought bitcoin 2 times one at 39 lakh and other at 41 I one I made the loss other made the profit what to do

[@manthanjain-ie5rr]

pay tax for the profit u made 😂

[@ganeshvike]

Hold only brother

[@RavikumarRandhir]

​@@manthanjain-ie5rr 😂Right, And Loss se sarkaar ko koi matlab nahi

[@yaadisingh1094]

Jab govt ke paas regulation hi nahin hai to tax ka koi matlab nahin hai

[@codejunkes4607]

Aur do Modi ko vote!!

[@BitcoinAndCryptoCurrency]

simply explained

[@Crypto_Scanner]

Future trading me kitna % tax lagega?

[@Areks_Tech]

30%

[@BrijmohanLavaniya]

Really helpful & informative

[@madhanshullannavar5071]

Crypto regulation on govt employees batavo bro

[@zaikaamritsari]

bhai Jab Congress Aaegi na definitely main Kah Raha Hun aapko Sab Kuchh change ho jaega Achcha ho jaega

[@DevendraKumar-vm4zk]

Aaj tak Sahara company se wapas nahi Dilaya govt

[@RavikumarRandhir]

Right😅

[@Pinku921]

Dusra exchange se deposit karke turanta hi sell karke inr withdrawal karne se kya 30% tax dena padega

[@TaxBuddy]

Dear Viewer, As long as sale of VDA is involved, it will be subject to 30% tax, However please discuss details of your case with a tax expert.

[@Your_Raks]

Bjp hatao crypto bachao 😂🎉

[@codejunkes4607]

Aur do Modi ko vote!!

[@brundabanbhuyan7999]

Kesekarungaame

[@meenabahl]

Very informative

[@TaxBuddy]

Glad to know that you liked it:) Which information was most valuable to you?

[@simransahni4881]

Good one 👍🏼

[@santsaranverma8213]

Tax or TDS km karna cahiye India me

[@chetansharma1555]

Bhai tax dena se bachne k liye ky ky karna hoga y bhi bata do

[@JaiPrakashSahu-ug3ld]

i think tax se to koi ni bach sakta but shyd tax kam hoskta hai ,Catax karke ek crypto tax platform me hai usme puch le ek baar bhutache se btate mai abhi 2 din phle hi pucha

[@poonamgupta1185]

Gud

[@musaibakhter4238]

TDS matlab sab broker/exchanges ka khel, Exchange ku kharche pani ku dedenge

[@adityaagrawal1456]

I need your help

[@TaxBuddy]

Hi Aditya, you can reach out to us by booking a call at www.taxbuddy.com

[@Ayush-nw5qe]

Sir , maine 7 types ke multiple coins kheede the aur ab kisi mein profit hai aur kisi mein loss. But net portfolio loss mein hai. Transactions mein TDS kata tha. Total portfolio mein 12K hai. Toh mujhe aage ITR bharna jaruri hai?? Kya krna hai aage? Koi legal action toh nhi hoga na mere pr? Kya jis coin mein profit hua thoda bahot uspr tax pay krna hai 30% . Mai ek student hua. Koi income nhi hai meri.. Please someone help.

[@mohitchogale6770]

Hii I guess u don't have to worry about tax bzc ur total is not up 50k and you don't having any business (I think). Plzz Make sure ask some experts about ur query, and let me know !!!!

[@Ayush-nw5qe]

@@mohitchogale6770 yes I don't have any business. Just I am a student. I have invested in spots of about 11 k, and i have booked some profits and losses and hence paid the tds in that. Should I also file ITR?

[@hamid_091]

​@@mohitchogale677050k will include principal+profit or only profit?

[@BitcoinAndCryptoCurrency]

now I understand crypto a little better

[@Ayanbalot]

Wallet se account me nikalenge tab hi toh tex denge

[@CAyashpanjwaniji]

Wallet m profit aa gya to liability aa jayegi

[@Cryptosada9]

Ban govt🤕🤕🤕

[@S.A.R..]

Mera pan card nhi hai toh bhi mere tax dena hoga

[@CAyashpanjwaniji]

Yes

[@S.A.R..]

@@CAyashpanjwaniji jb pan nhi h toh phir track kaise karega?

[@CAyashpanjwaniji]

@@S.A.R.. Indian government ne foreign exchange or Indian crypto trading apps ko pehle hi bta diya h ki Sara data aapko bhejna h her user ka to future main problem ho sakta h

[@AmitSangwan123]

bhai teri aawaj kahi or ja rahi h or muh kahi or 🤣🤣🤣🤣

[@metapulse2859]

😂

[@santsaranverma8213]

Tax or TDS km karna cahiye India me