Income tax on freelance income from crypto

 I'll break down the tax implications for you:

1. Local off-ramp with 1% TDS: - This might trigger the 30% crypto tax, as it's considered a transfer of cryptocurrency. - However, the 1% TDS might be adjusted against your overall tax liability. 

2. International remittance with FIRC: - This would be considered a foreign remittance and taxed according to regular salary tax slabs.

 To determine which approach is more tax-efficient, consider the following: -

 If your tax slab is lower than 30%, the international remittance route might be more beneficial.

- If your tax slab is higher than 30%, the local off-ramp with 1% TDS might be more advantageous. Keep in mind that tax laws and regulations are subject to change. 

It's always best to consult a tax professional or chartered accountant for personalized advice on your specific situation. 

Additionally, consider the following: - 

Ensure you maintain accurate records of your transactions, including the value of USDT received, conversion rates, and tax deductions. - 

You may need to report your cryptocurrency income in your tax returns and pay applicable taxes. - Tax authorities might

Would this have any implication on gst as for the local offramp its coming from local authority so will it incur 18% gst also .. as for international remittance its export of service so 0% gst as its consulatnacy charges .. Also the thing is company is indian registered but send money in usdc