Your Tax Assistant
Ask Me Anything
Crypto Assets Tax Calculator
The government has proposed income tax rules for cryptocurrency transfer in Budget 2022. 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, except the cost of acquisition. Also, you cannot adjust the loss incurred from the transfer of cryptocurrency against income from any other heads. Such losses cannot be carried forward to the subsequent years to adjust the future income earned on crypto transactions.
₹
₹
Profit/Loss from the transfer of Crypto Assets
₹
The tax you need to pay
₹
*Applicable surcharge and 4% cess payable on the amount of tax.
TaxSpanner.com is one of India’s largest and most trusted websites that offers online preparation of accounts books and filing of TDS, GST, individual Income Tax Returns (ITR). Established in 2007, TaxSpanner is based out of New Delhi. Since then, it has grown to build very large customer base in this market segment.
