r/BitcoinIndia

Most people dont know much about taxes on crypto, so lets make it easy how taxes works on crypto:

Tax on crypto is @30% in India. But its depends transaction wise.

Transaction 1: profit 40000

Transaction 2: Loss 50000

Net : Loss (10000) but here is the catch,

You still need to pay tax @30% on 40000 profit, no deductions or expenses allowed, only the amount you purchase it will be deducted from the sales.

What about uf its drop item or mined crypto, then fair market value of that day of that crypto will be business income and tax need to pay as business income.

When sold, cost would be fair value when the currency was mined and profit on sake would be same @30%.

One thing that most people forgets and income tax department send notices: under p2p when you buy a crypto currency you need to deduct tds @1% if not then there is notices and penalty.

How could I help: if person who have crypto income and want help in taxation and other compliance could reach out.

Have you started DCA'ing in bitcoin?
Are you buying all at once? or it's a different play. Curious to know.

Stack sats like crazy!

When we search for best crypto exchanges in India.
The google search results show

1. WazirX : I mean for what reasons. It has flied away; done thousands of crores of fraud and because of these false info google displays, new comers in the space think it is still alive.
2. Bitbns: like really? It has seized users funds for years now. Doesn’t have any support and doesn’t find important to answer users and unlock their own funds and this exchange appearing in google search results as one of the best one is ridiculous.
3. Giottus and buyucoin: have no volume, just because they have done enough paid PR they get easily ranked. Otherwise the services are pathetic.

Not all the appears on search results is to be believed blindfoldedly. It’s just some paid PR that has had these people out there.

Better choices for best crypto exchanges in India are

Coindcx, flitpay, coinswitch.

Even I don’t recommend mudrex because of it’s lagged interface.

hey is it safe to buy btc from getbit, i tried buying it from small finance bank SLICE they freezed my accout is it safe to buy it from other acccounts without getting freezed and where else can i buy the btc ? without any issues the bank account freezes and any other issues platform safe and secure

why is it so hard to invest in btc in india such a shitty country i wanted to invest my money i don't want 2% bank interest

Hey there!

I need help in transferring 3 USD/EUR to a website Bitcoin address. I am a complete novice in this and it would be such a big help if someone could do it and I could just pay them instead? Please let me know if this is something anyone can help me out with?

**Context:**
\- Indian tax resident (previously lived in US)
\- Already have USD sitting in Bank of America (not remitting fresh money from India)
\- IBKR India appears to block crypto-related ETFs
\- Exploring Firstrade or IBKR US account to buy IBIT / DAPP

**Questions**:

1. Has any Indian tax resident here successfully bought IBIT / DAPP (or other US BTC ETFs) through a US broker?

2. Which broker worked (Firstrade / Schwab / IBKR LLC / others)?

3. Has anyone received a CA opinion or actually filed taxes on this? If yes, was it treated as:
   Foreign security capital gains (normal rules), or
   VDA (30%)?

4. Any practical compliance issues:
   \- Schedule FA disclosure
   \- Foreign account reporting
   \- Repatriation / documentation
   \- Does being an Indian resident itself create any restriction on holding US-listed BTC ETFs even if funds are already outside India?

**Current understanding (please challenge if incorrect):**

\- Direct crypto in India → VDA regime.
\- Unclear whether US-listed spot BTC ETFs are treated identically.
\- Existing overseas funds may be operationally different from fresh outward remittance.
\- Will get CA review before executing.

Looking for actual execution experience / CA input.