2024-12-25T11:52:45+0800

Crypto Tax Filing can be very frustrating 😑 Worry Not! FinFarm got you covered 💯 In today's episode we are going to understand Taxes on Airdrops and Giveaways. Follow FinFarm for more Crypto Tax topics How Airdrops are Taxed? 🤔 • No Tax till 50k limit. • Tax on complete amount if the airdrop value crosses 50k. Trick Question: What if you received LENS Airdrop worth 40k and sold the tokens for 70k? 👀 In this scenario, 40k will be taxed according to 50k limit i.e, No tax on 40k. Additionally Capital Gain Tax will be charged on 30k (70k-40k) @30% plus 4% cess. Fo any queries feel free to use the comment section📝 #Bitcoin #cryptocurrency #Ethereum #blockchain #tax #cryptotax #nft #profit #finfarm #india #cryptonews