Receiving a ₹10,000 USDT gift from a non-relative with ₹2.5L income via CoinDCX: what are the gift tax implications and capital gains tax on conversion profit/loss in India?
Yes, it is taxable since it’s a gift over ₹50,000 from a non-relative. When you convert USDT to Indian rupees, any profit made is taxed at 30% as capital gains under crypto tax rules, plus an additional 4% in fees, as per Indian crypto tax rules.
