While the Govt has not clearly clarified as to which instances or transactions will come under taxation however taxable transactions may include
Selling crypto using Fiat
Buying or selling crypto using another crypto or stable coin
Receiving crypto as a gift
Receiving crypto as a reward through airdrop or through staking/lending/yield farming or referral or even mining
Selling of NFT or buy and sell of NFT using another crypto, similar to C2C trade
On futures and Margin, on the realized P&L
A user won't pay tax on crypto while buying crypto using INR, HODLing crypto or transferring crypto between their own wallets.
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