Flat 30% Tax on Profits:Crypto profits are taxed at a flat 30% rate, with no deductions allowed except for the cost of acquisition
1% TDS on Transfers:A 1% Tax Deducted at Source (TDS) applies to all crypto transfers exceeding ₹10,000 in a financial year
Losses Cannot Be Offset:Losses from crypto transactions cannot be set off against other income or carried forward to future financial years
Gifting Crypto Is Taxable:Crypto received as a gift is taxable as income under “Income from Other Sources,” except when received from specified relatives
Disclosure in ITR Is Mandatory:All crypto holdings and transactions must be declared in the Income Tax Return, including foreign virtual assets if applicable