Calculate NFT tax per Sec 115BBH

Yes. Unlike stocks or property, there's no LTCG/STCG distinction for NFTs. 30% flat tax applies regardless of holding period. Section 115BBH overrides normal capital gains rules.

No. Section 115BBH explicitly disallows any expenditure other than cost of acquisition. Mint costs are arguable (some consider them part of acquisition; safer to consult a CA).

No — neither against NFT gains nor any other income. Losses cannot be carried forward either. This makes NFT investing strictly tax-asymmetric: gains taxed, losses absorbed.

Section 194S: 1% TDS on every NFT sale ≥ ₹10K (₹50K for specified persons — businesses, etc.). Buyer or exchange deducts and deposits. You can claim it as advance tax during ITR.

Yes. Every NFT sale is a taxable event. Even small trades must be reported in Schedule VDA of ITR. Failure to report = misreporting penalty (50% of tax) + interest.

Gifts > ₹50K total (in a year): fully taxable as "income from other sources" at slab rate. From a relative: tax-free. Airdrops: tax at receipt at FMV; subsequent gain on sale taxed at 30%.

No. Crypto-for-NFT or NFT-for-NFT swaps are treated as separate sale + purchase. Each leg is a taxable event at fair market value.

Individuals: ITR-2 or ITR-3 (if business income). Schedule VDA introduced in AY 2023-24 specifically for crypto/NFT reporting. Foreign-held NFTs: additional Schedule FA disclosure.