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  1. Home
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  4. Crypto tax in India.

Crypto tax in India.

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  • S
    S
    Samar
    wrote on last edited by
    #1

    For selling in-game items for USDT on Binance from foreigners, and later converting some USDT to INR via a friend's Binance and UPI, do Indian taxes (1% TDS or 30%) apply?

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    • S
      S
      Siddarth
      wrote on last edited by
      #2

      Yes, the Indian tax rules system applies to you. You are earning by selling the game item for USDT, which is considered a transfer of a virtual digital asset (VDA). So any profit from selling the games will be taxed. A 30% (crypto tax) tax is applied on capital gains a 1% TDS is applied under VDA rules.

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