Cryptocurrency Q&A
What is the tax for USDT?
What is the tax for USDT?
Leonardo
Wed Nov 20 2024
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5 answers
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I am wondering about the tax implications of USDT. Specifically, I want to know if there are any taxes associated with holding, buying, or selling USDT, and if so, how much would those taxes be?
5 answers
Rosalia
Fri Nov 22 2024
This gain is taxed at a rate of 30%.
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Giulia
Fri Nov 22 2024
In addition to the 30% tax, a 4% health and education cess is also levied.
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Pietro
Fri Nov 22 2024
There is an additional 1% Tax Deducted At Source (TDS) applicable.
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Maria
Fri Nov 22 2024
The profit amount derived from certain transactions is taxable.
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Caterina
Fri Nov 22 2024
This TDS is applied to the transaction value of the USDT being converted back into INR.
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