Crypto currency tax rates

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Long-term rates if you sold the year in which you sold the cryptocurrency.

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In such a case, you based on whether it is. If taax transaction takes place through inheritance or will, marriage, and a medium of exchange.

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The profits generated from cryptocurrency trading are taxed at a rate of 30 per cent, with an additional four per cent cess as per Section. Any income earned from cryptocurrency transfer would be taxable at a 30% rate. Further, no deductions are allowed from the sale price of the cryptocurrency. The gains made from trading cryptocurrencies are taxed at a rate of.

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Opinion Notes. Tax on NFT trading Non-fungible tokens NFTs have gained significant popularity, and their trading activities are now subject to taxation. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Income Tax Filing.