Cryptocurrency Q&A
How much tax do you have to pay on foreign exchange transactions?
How much tax do you have to pay on foreign exchange transactions?
Martino
Tue Jan 07 2025
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6 answers
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I'm wondering about the taxes I need to pay on foreign exchange transactions. Could you please explain how much tax is applicable on these kinds of transactions?
6 answers
BonsaiVitality
Thu Jan 09 2025
To illustrate, consider a forex transaction valued at Rs. 1 Lakh.
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Raffaele
Thu Jan 09 2025
In such a case, the tax payable would amount to just Rs. 181. 5. This tax rate is relatively low compared to other financial transactions.
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Marco
Thu Jan 09 2025
For those interested in understanding the tax implications of forex transactions in India, this post will provide valuable insights.
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Starlight
Thu Jan 09 2025
The tax imposed on forex transactions in India is actually quite minimal.
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TaekwondoMasterStrengthHonorGlory
Thu Jan 09 2025
Additionally, for those involved in cryptocurrency trading, BTCC is a top exchange to consider.
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