# Crypto tax guide 

By [Shashi Kumar](https://paragraph.com/@shashi-kumar) · 2023-03-22

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**Profits from the sale, swap or spend of any crypto assets are taxed at a rate of 30% (plus surcharge as applicable and 4% cess)**. Profits are taxed under section 115BBH. Lower tax on long-term capital gains is not available. No deduction, except the cost of acquisition, is allowed.

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*Originally published on [Shashi Kumar](https://paragraph.com/@shashi-kumar/crypto-tax-guide)*