News

By Mukesh Prajapati July 09, 2025

India Is Cracking Down on Crypto

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30% Tax & 1% TDS Still Apply

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Crypto = Undisclosed Income Now

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Exchanges Must Report Details

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No Offsetting Losses Allowed

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Hardware Wallets at Risk

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What Reddit Users Are Saying

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Steps to Stay Compliant

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Use Bitcoin ETFs?

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What You Should Do Next

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News

What is India’s tax changes in 2025, including 30% flat tax, 1% TDS, and undisclosed-income penalties, affect crypto traders and what to do next.

India Is Cracking Down on Crypto

CBDT probes are underway into unreported crypto earnings; hardware-based wallets could be seized in raids.

30% Tax & 1% TDS Still Apply

Budget 2025 left crypto gains taxed at 30% with a 1% TDS on each transaction, no relief for traders.

Crypto = Undisclosed Income Now

VDAs are classified as undisclosed income, RCra after tax evasion can trigger 60% penalty plus interest.

Exchanges Must Report Details

Section 285BAA forces platforms to report every crypto transaction’s who, what, when, and value to authorities.

No Offsetting Losses Allowed

Crypto losses can't be set off against gains—one-way tax applies even if your trades lose money.

Hardware Wallets at Risk

In searches and seizures, hardware wallets may be confiscated—so backup and report accurately.

What Reddit Users Are Saying

Indian users warn: “60% tax penalties, no mercy,” others suggest offshore trading to avoid records.

Steps to Stay Compliant

File Schedule VDA in ITR, keep detailed records, consider trading via ETFs or offshore exchanges.

Use Bitcoin ETFs?

Experts say Bitcoin ETFs may offer tax-efficient exposure—legitimate and simpler than pure crypto trades.

What You Should Do Next

If you're holding or trading crypto in India, update your reporting, check TDS, and keep records tidy now.

Next

News

What is India’s tax changes in 2025, including 30% flat tax, 1% TDS, and undisclosed-income penalties, affect crypto traders and what to do next.

India Is Cracking Down on Crypto

CBDT probes are underway into unreported crypto earnings; hardware-based wallets could be seized in raids.

30% Tax & 1% TDS Still Apply

Budget 2025 left crypto gains taxed at 30% with a 1% TDS on each transaction, no relief for traders.

Crypto = Undisclosed Income Now

VDAs are classified as undisclosed income, RCra after tax evasion can trigger 60% penalty plus interest.

Exchanges Must Report Details

Section 285BAA forces platforms to report every crypto transaction’s who, what, when, and value to authorities.

No Offsetting Losses Allowed

Crypto losses can't be set off against gains—one-way tax applies even if your trades lose money.

Hardware Wallets at Risk

In searches and seizures, hardware wallets may be confiscated—so backup and report accurately.

What Reddit Users Are Saying

Indian users warn: “60% tax penalties, no mercy,” others suggest offshore trading to avoid records.

Steps to Stay Compliant

File Schedule VDA in ITR, keep detailed records, consider trading via ETFs or offshore exchanges.

Use Bitcoin ETFs?

Experts say Bitcoin ETFs may offer tax-efficient exposure—legitimate and simpler than pure crypto trades.

What You Should Do Next

If you're holding or trading crypto in India, update your reporting, check TDS, and keep records tidy now.

Next

Budget 2025 left crypto gains taxed at 30% with a 1% TDS on each transaction, no relief for traders.

Section 285BAA forces platforms to report every crypto transaction’s who, what, when, and value to authorities.

File Schedule VDA in ITR, keep detailed records, consider trading via ETFs or offshore exchanges.