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How is Crypto Mining Tax – India 2025
⛏️ Crypto Mining Tax – India 2025
👤 @CA Anand Thakor
📥 When You Mine Crypto
– 🧾 Taxed as Income on Receipt
– 💼 If mined as a hobby → Taxed under Income from Other Sources (no expense deduction)
– 🏢 If mined as a business → Taxed under Profits & Gains from Business (expenses allowed)
– 📆 FMV (Fair Market Value) on date of receipt is taxable
💸 When You Sell Mined Crypto
– 📈 Capital Gains apply
– 💰 Gain = Sale Price – FMV at receipt
– 🧾 Taxed at 30% + 4% cess under Section 115BBH
– 🚫 No deductions allowed (except cost of acquisition)
📌 Practical Example
🧾 Event 💰 Amount 🧮 Tax Treatment
Mined 0.2 BTC ₹60,00,000/BTC → ₹12,00,000 FMV Taxed as income (slab or business rate)
Sold 0.2 BTC @ ₹75L/BTC ₹15,00,000 Capital Gain = ₹3,00,000
Tax = ₹90,000 + ₹3,600 cess = ₹93,600
🧠 You pay tax twice: once on mining (₹12L as income), and again on sale (₹3L gain).
📎 Key Takeaways
– ✅ Mining rewards = Taxable on receipt
– ✅ Sale = Capital gains taxed at 30%
– ✅ Business miners can deduct expenses
– ❌ No set-off or carry forward of losses under Section 115BBH
🎥 For deeper insights and real-world tax treatment check out our video
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