Do I pay tax when selling crypto?

Do I Pay Tax When Selling Crypto?

Yes. When you sell cryptocurrency for INR (or another asset), you have a taxable event. If you made a profit (sale value minus cost of acquisition), that gain is taxable at 30% (plus surcharge and cess). The exchange may deduct 1% TDS on the sale. You report the full gain in your return and claim the TDS. Keep records of when you bought, how much you paid, and when you sold and for how much. File your return and pay any balance tax.