Indian tax authorities will treat the airdrop of Luna 2.0 as a gift and tax accordingly.
Luna 2.0 Airdrop Exposes Investors in India to Tax Burdens
Since Luna 2.0 has been provided free of cost as an airdrop, it’ll be treated as a gift and will attract applicable tax provisions. It means, at the time of filing tax details, investors will have to disclose the value of the airdropped Luna 2.0 and pay up the gift tax, the analysis noted.
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