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Taxation on Cryptocurrency Explained - How to Pay Zero Tax? - Bitcoin is not Legal in India?Paying for a good or service with cryptocurrency is considered a taxable disposal! � When you spend cryptocurrency, you'll incur a capital gain or loss depending. Buying crypto with cash and holding it: Just buying and owning crypto isn't taxable on its own. The tax is often incurred later on when you sell, and its gains. If you meet the trading threshold, net profits will be subject to income tax at 20%, 40% and 45% (based on the tax bracket your income falls.
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