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Tax filing for crypto investors

As the deadline for filing Income Tax Returns (ITR) in India approaches (July 31), it is crucial to address specific concerns around taxation on investments in crypto and other virtual digital assets (VDA), including NFTs. VDA transactions, including sales, are subject to a 30% capital gains tax in India. The crypto taxation landscape is continuously evolving. Regularly monitor official announcements, consult reliable sources, and consider joining crypto communities or forums where tax-related discussions take place. Filing your ITR for crypto gains requires attention to detail and a thorough understanding of the tax implications.

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