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Февраль
2022

India's plan to tax cryptocurrency and NFT transactions, decoded

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Pre Tax scenario most investors would usually treat the profit as either capital gains and apply 20 or 30% depending on if you have held the asset over 1 year or less alternatively they could also just show it as income and pay tax on their existing income tax bracket. So on a profit of ten thousand INR an investor would have paid at least 20% capital gains tax or based on their income tax slab. The investor could also set off gains against losses in other assets besides crypto.



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