Future of crypto and taxes.
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Should I be worried about crypto eating up over 30% of my gains in taxes? Since equity mutual funds only charge 12.5% on long-term profits above ₹1.25 lakh, could switching help my small portfolio grow faster without all the tax stress?
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I know losing 30% of your crypto profits is tough. It feels like a punch in the gut since you can't get back what you lost. Switching to equity mutual funds is a smart move for a small portfolio; that ₹1.25 lakh tax-free buffer and the much lower 12.5% rate allow your money to actually compound instead of just feeding the taxman.
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