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RE: How is crypto currency taxed in India?

Can you elaborate the calculation ? Where does the figure 52,817 come from ?
Also when is an individual supposed to pay the tax. On sell order on the exchange or moving the money back in bank account.
What about loss in crypto dealing.
How is the tax calculated if I earned Rs 4500 in a transaction where as lost 2800 in another. In this case my taxable income is 4500 or 1700 ?