Are crypto gifts taxable in India?

Are Crypto Gifts Taxable in India?

Gifting cryptocurrency is typically treated as a "transfer" under VDA rules. The giver may be liable to tax on any gain (difference between cost and fair market value at the time of gift). The recipient may have implications when they later sell. Gift tax and clubbing rules can also apply. The treatment can be complex. Keep records of the gift, value, and cost. Consult a tax advisor for your specific case.