India
Flat 30% tax on ALL crypto profits with ZERO deductions allowed. 1% TDS (Tax Deduction at Source) on all crypto transactions >₹50,000. No loss offset against other income. Cannot deduct any costs except acquisition cost.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Not allowed
CARF Status
Committed
Bitizenship
Not yet
CARF Reporting
Committed
India has committed to implementing CARF but has not yet specified an exact timeline. When active, crypto service providers will be required to report user transactions to tax authorities.
Tax Rates
Activity Taxes
Staking
30%
Mining
30%
DeFi
30%
NFTs
30%
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
No holding period benefit; flat 30% on all gains regardless
Regulation & Residency
Regulatory Body
CBDT / Income Tax Department; RBI; SEBI
Residency Requirement
Various visa options available
Reporting Requirements
1% TDS auto-deducted on exchanges; ITR filing required
Citizenship & Residency Path
OCI card for diaspora; citizenship via registration/naturalization after 5-12 years
Resilience & Plan B
Jurisdictional Resilience
How well-equipped this jurisdiction is for a crypto holder who wants stability, access, and protection.
JRS
Institutions (25%), banking (20%), tax clarity (20%), business (15%), privacy (10%), geopolitical (10%). Full methodology →
Plan B Readiness
How fast you can go from “I want to move” to “I’m a tax resident with banking and optionality.”
PBR
Business ease (25%), citizenship path (20%), dual nationality, quality of life & safety (15% each), Bitizenship (10%). Full methodology →
Notable Conditions
- →NO deductions allowed except direct acquisition cost
- →NO loss offset: crypto losses cannot reduce gains from other crypto or any other income
- →Losses from one crypto CANNOT offset gains from another crypto
- →1% TDS on all transactions over ₹50,000 (₹10,000 for non-salaried)
- →18% GST on crypto exchange services
- →No gift exemption if crypto gifted (recipient pays 30%)
- →One of the harshest crypto tax regimes in the world
Living & Lifestyle
Cost of Living
Very Low
Banking Access
Good (but crypto banking complex)
Quality of Life
Moderate
Lifestyle Scores