Crypto Currency


This query is : Resolved 

Quick Summary
This discussion clarifies cryptocurrency tax obligations for beginners. Earnings from trading, selling, or swapping crypto are subject to a flat 30% tax rate, plus a 4% surcharge. It's important to note that advance tax payments are required quarterly, rather than daily, monthly, or annually.

07 November 2023 Respected Experts,
I want to start to do cryptocurrency and I donot know how to pay tax on these because in case of crypto we can get per day profit on saling and purchasing Crypto so how we pay tax daily or monthly,Annualy Tax

pls clerify my Doubts.

07 November 2023 You have to pay advance tax quarterly.

08 November 2023 Now What is the rate of Tax in crypto currency

08 November 2023 The earnings from trading, selling, or swapping cryptocurrencies are taxed at a flat 30% (plus a 4% surcharge)


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