in , ,

India NFT (Non-fungible Token) Income Tax Calculator

India NFT Tax

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:

India NFT Tax Calculator

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.

What do you think?

106 Points
Upvote Downvote

Written by Anirban Roy

Anirban is a full-stack developer and an SEO expert. He has 6 years of experience in web development and software engineering. With a passion for writing, he has been blogging since 2017.

Leave a Reply

Your email address will not be published. Required fields are marked *