that if you buy $100 with of cryptocurrency the government will take $30?
I need answers please 🙏
Only from profit !! 30% tax
If you make profit on top of that like 200$ profit then 30% will be tax
If you sell then 30% tax on profit
It's on capital gains for 100 if you get 100 they will charge you 30
From 01 April 2022
I ma bit cofused someone say 22 🤨 news says 2023
Financial year and applicable year 😆
Plz explain which is correct i mean when tax will be apllicable
Best to wait for the bill. Until then my understanding is that we have to pay tax even this year. The start date says 1-Apr-2022. TDS applicable from 1-Jul on exchanges. Yet we don't know about farming, staking, mining, LP and finer points.
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