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How Do Crypto Exchange Taxes Work in India A Guide for Platinx Exchange Users

As cryptocurrency adoption continues to grow in India, itu2019s crucial for traders and investors to understand the taxation policies that govern their digital asset transactions. With the Indian government implementing a structured tax regime for Virtual Digital Assets (VDAs), every transactionu2014from trading Bitcoin to receiving staking rewardsu2014is now under the tax lens.

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How Do Crypto Exchange Taxes Work in India A Guide for Platinx Exchange Users

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  1. INTRODUCTION As cryptocurrency adoption continues to grow in India, it’s crucial for traders and investors to understand the taxation policies that govern their digital asset transactions. With the Indian government implementing a structured tax regime for Virtual Digital Assets (VDAs), every transaction—from trading Bitcoin to receiving staking rewards—is now under the tax lens.

  2. UNDERSTANDING CRYPTO TAXATION IN INDIA 🔹 Flat 30% Tax on Profits 🔹 No Set-Off for Losses Whether you’re trading Bitcoin or any altcoin, any profit from selling or swapping a crypto asset is taxed at 30%, regardless of how long you held the asset. There are no slab benefits or distinctions like short-term or long-term capital gains. If you incur a loss while trading one cryptocurrency, you cannot offset it against gains from another crypto or any other asset class. Each VDA is taxed in isolation. • 🔹 1% Tax Deducted at Source (TDS) • 🔹 No Expense Deductions A 1% TDS is levied on each crypto transaction above ₹10,000 for individuals and ₹50,000 for businesses annually. The TDS is deducted at the time of transaction, and the deducted amount is credited to your PAN and can be claimed when filing your return. Only the acquisition cost of the asset can be deducted when calculating gains. Other expenses like trading fees, gas fees, and internet costs are not deductible.

  3. Download your trading history and tax reports directly from your dashboard to ensure error-free filing. Platinx deducts the required 1% TDS at the time of eligible transactions and maps it to your PAN for seamless reporting. HOW PLATINX EXCHANGE HELPS YOU STAY COMPLIANT • Platinx adheres to RBI-style KYC norms and Anti-Money Laundering guidelines, keeping your trading secure and regulation-ready.

  4. THANK YOU • SUPPORT@PLATINX.EXCHANGE 9560107106

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