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From April 1, cryptocurrency assets sold at a profit will be subject to a 30% tax.

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A 30% tax on bitcoin assets was suggested in the Union Budget 2022-23. From Bitcoin to non-fungible tokens, this would apply to all virtual digital assets (VDA) and their revenues (NFTs). Gains from cryptocurrency will be taxed at the same rate as lottery winnings. After accounting for all bitcoin transactions for the year, if an investor is in a loss overall with no earnings, there will be no tax to pay. Their earnings will not be taxed until they sell it for a profit. Similarly, investors who have acquired a crypto asset that has significantly grown in value but have yet to sell it will not be taxed.
For example, if an investor buys a cryptocurrency for $10,000 and sells it for $15,000, generating a profit of $5,000, they must pay a tax of $1,500, which is 30% of the profit.

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