Crypto News Or Global Trade

Introduction India now taxes income from the transfer of Virtual Digital Assets (VDAs)—like crypto and NFTs—at a flat 30% under Section 115BBH of the Income-tax Act. Only the cost of acquisition is deductible, and losses can’t be set off against other income. Income Tax IndiaIncome Tax Department On top of this, most transactions attract 1% TDS under Section 194S, typically deducted by exchanges at the time