What are the different scenario of Crypto / VDA taxation?
Rajat
Updated
Crypto/VDA are taxed on the basis of the nature of transactions. Taxability on the basis of the nature of the transaction is as follows:
Tax-Free Crypto
Holding crypto.
Transferring crypto between your own wallets
Receiving a gift of crypto up to ₹50,000 from friends and relatives
Buying crypto with INR
Lost or stolen crypto.
Crypto Taxed @30%
Trading/Exchanging Crypto with another Crypto
Exchanging crypto with another currency
Spending crypto for goods or services.
Crypto Taxed normal slab rate
Mining cryptocurrency
Drawing a salary in crypto
Staking crypto and earning stake benefits
Receiving Airdrops
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