Effective July 1, 2022, Indian income tax law mandates that taxes must be paid on the transfer—i.e., sale or exchange—of any virtual digital asset (VDA), including cryptocurrency. A 1% tax will be levied on such transactions when a buyer is located in India, regardless of the seller’s location.

Yanance does not collect or remit this tax. It is the responsibility of each individual to report their income and fulfill any tax obligations directly with the appropriate government authorities.

For guidance tailored to your personal situation, we recommend consulting a qualified tax advisor or legal professional.