🇮🇳 Crypto Tax in India – Full Breakdown You Need to Know Before You Trade! 📉📈

Whether you're trading BOB, SHIB, BTC or PEPE — if you're in India, 💸 Uncle Income Tax is watching. Here’s everything you need to know in one simple post 👇

💰 1. Flat 30% Tax on Profits
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📌 Applies only on profit when you sell crypto
📌 No deductions allowed (not even for gas, internet, or loss recovery)
📌 You calculate & pay this at the time of ITR filing

🔪 2. 1% TDS (Tax Deducted at Source)
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📌 Charged on every crypto sale — profit or loss
📌 Must be paid at the time of sale
📌 Binance doesn’t auto-deduct this — you must deposit it manually if using Binance

🧾 3. Only Realized Profit is Taxed
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📌 You are not taxed when holding
📌 Tax is triggered only when you sell crypto
📌 Withdrawals ≠ Profit unless the crypto sold had gain

😢 4. What About Losses?
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📌 You cannot set off crypto losses against other income
📌 You cannot carry them forward
📌 Losses are just ignored by tax law (Section 115BBH)

🕵️‍♂️ 5. How Will ITR Know About My Crypto?
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📌 They don’t — until you tell them
📌 But your bank withdrawals, TDS records, and UPI activity are tracked
📌 Mismatched filings can trigger notices or audits

💡 Pro Tip:

✅ Keep all trade records from Binance
✅ Use tracking tools like CoinTracker or Koinly
✅ File truthfully to avoid penalties 🚨

💬 Found this helpful?
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