India NFT Tax Calculator
How To Use The India NFT Tax Calculator
Following are the steps to use the above NFT tax calculator for India:
- Enter your total buying price of all the NFTs that you acquired.
- Enter your total selling price of all the NFTs that you sold.
- Finally, click on the “Calculate Tax” button to compute your NFT tax liability.
Here’s an example:
Also check out: India Crypto Income Tax Calculator
More Information About NFT Tax In India
Income from any digital asset, including NFT, is taxed at 30% in India as per the Budget of 2022, declared by the Government of India.
The 30% tax is applicable when an Indian tax payer sells his/her NFTs. The cost of aquisition of the NFT shall be deducted during the computation of the income tax.