Indian Compliance & Tax

How is crypto received as a gift taxed in India?

In India, crypto received as a gift is generally taxable in the recipient's hands as income if its fair market value exceeds 50,000 rupees in a year, with an exemption for gifts from defined close relatives. The value at receipt is treated as income at your slab rate. For example, crypto worth 80,000 rupees gifted by a friend is taxable, while the same from a parent is typically exempt. A later sale triggers separate tax on gains. This is general information, not tax advice; confirm with a professional.

This is general information, not tax advice. Tax rules change and depend on your individual circumstances — verify the current rules or consult a qualified tax professional before acting.