Vishal tech1(Crypto)

Quick one.. Yesterday moonpay did a random AirDrop to everyone that's registered to their platform.. if you want some free $$ then do this now. You can use claude or ChatGPT. > Visit https://paybox.sh/ > Follow the four steps on the website (watch video) > Create a passkey > Create or import a wallet > Connect your X account (Twitter would be restored today). For now just create account & wait..

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Attention - don't buy any crypto right now as you know many exchange like bitmart gone already so very harsh bearish market coming 😢

Someone swapped 1,126.44 $ETH ($2.01M) for only 5,776 $LIT ($14,208), losing nearly $2M! 😱

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☕️ Espresso $ESP Registration portal is live ✨ Check eligibility & register 👇 🔗 https://claim.espresso.foundation More criteria coming. Claim expected in early 2026 Minting the Authena NFT is not required to register for the airdrop Layerzero user also…

Best plateform to sell usdc https://app.p2p.lol/

😂 kisi ne nhi socha tha ki again itna bda dump ayega sab log purchase krke betha hua hai 🙂 Abhi tak kisi ne post nhi dala ya bola ki buy the dip 🙂 😂😂😂😂 Maja aya

## 1. How crypto is classified In India, crypto comes under “Virtual Digital Assets (VDA)” — this includes: * Cryptocurrencies (BTC, ETH, etc.) * NFTs * Tokens --- ## 2. Tax on crypto profits (VERY important) ### 🔥 Flat 30% tax on profits * Applies to any profit from selling, swapping, or spending crypto * Same rate no matter your income slab * Plus 4% cess (so effectively ~31.2%) 📌 Example You buy BTC for ₹1,00,000 and sell for ₹1,50,000 → Profit = ₹50,000 → Tax = 30% of 50,000 = ₹15,000 (+ cess) --- ## 3. No loss adjustment allowed 😬 This is the harsh part: * ❌ You CANNOT set off crypto losses against: * Other crypto gains * Salary, business income, stocks, etc. * ❌ You CANNOT carry forward crypto losses to future years Each transaction is taxed independently. --- ## 4. 1% TDS on crypto transactions * 1% TDS is deducted on the total value, not profit * Applies when: * You sell crypto * You trade crypto for crypto * Usually deducted by exchanges automatically 📌 Example You sell crypto worth ₹50,000 → ₹500 TDS deducted → You can adjust this ₹500 when filing ITR --- ## 5. Crypto-to-crypto trades are taxable Trading BTC → ETH? * That counts as a sale of BTC * Profit on BTC is taxed at 30% * ETH’s value on that day becomes your new purchase price --- ## 6. Gifts of crypto 🎁 * Crypto received as a gift is taxable for the receiver * Taxed at market value * Exception: gifts from close relatives (parents, spouse, siblings, etc.) --- ## 7. Mining & staking income * Mining rewards / staking rewards = taxable as income * Taxed at your normal slab rate * When you later sell those coins → 30% tax on profit again --- ## 8. GST (for traders & exchanges) * Normal investors: no GST * Crypto exchanges & professional traders may attract 18% GST on fees/services --- ## 9. ITR filing (don’t skip this) * Crypto income must be reported in your Income Tax Return * Even if TDS was already deducted --- * ✅ 30% flat tax on crypto profits * ❌ No loss set-off or carry forward * ✅ 1% TDS on every trade * ✅ Crypto gifts & mining are taxable * ❗ Every trade matters — even swaps

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