Crypto Income Tax Concern

Cryptocurrency Tax Inquiry

I earned a total of 2.3 lakhs exclusively from crypto transfers over the past year, with a 1% TDS deducted during sales on CoinDCX. Since this is my only income and it amounts to less than 2.5 lakhs overall, I am wondering if my earnings will still be taxed at a 30% rate when I file my Income Tax Return. Additionally, is filing an ITR mandatory for me under these circumstances?

hey sophia, it seems with 2.3 lacs as your only income, you likely isnt hit by that 30% rate and filing itr maybe not necessary. though, best to check with a tax pro as rules can be tricky.