No deduction in respect of any expenditure (other than the cost of acquisition) shall be allowed while calculating income from Crypto Currencies, the crypto gain calculations will be done in the following manner.
|Sale Value of Crypto Currency||₹5,00,000|
|Less: Purchase Value of Crypto Currency||₹4,00,000|
|Gain/(Loss) on Crypto trading||₹1,00,000|
Note: Above calculated gains will be taxed at a flat rate of 30%.
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