As per Section 115BBH of the act. where the total income of an assessee includes any income from the transfer of any virtual digital assets (crypto-currencies) such gains shall be taxed at the rate of 30% plus applicable surcharge & cess.
Tax calculation on Crypto Gains:
Sale Value of Crypto-currency
Purchase Value of Crypto Currency
Gains from Crypto Currency
Tax on Above @30%
* Above tax is subject to Surcharge & cess (if applicable).
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