Tax On Cryptocurrency In India: What About 30% Tax

Tax On Crypto In India: Budget 2025 Is Finally Out

Tax On Crypto: Details From Indian Budget 2025

Indian budget 2025 is now live. With crypto enthusiasts eagerly awaiting tax reforms on cryptocurrency in India, their wait has now ended.

While crypto stakeholders have been advocating balanced regulatory policies, investment in blockchain infrastructure and tax reforms to foster growth and innovation, India's budget 2025 came without any mention of crypto. 

Crypto Tax Remains Unchanged

Because the old policies levied 30% tax on capital gains and additional 1% Tax Deducted at Source (TDS) on virtual digital assets (VDAs) including cryptocurrencies, the same is to follow this year as well.

It appears as if crypto has remained largely neglected in the latest budget of 2025 for India. 

The Indian Union Budget 2025 was recently announced by the country’s Finance Minister Nirmala Sitharaman today (Saturday, February 01, 2025). Even though there’s been significant tax relief announced for direct taxes, there’s been no mention of crypto or VDA in the budget session by her. 

As per a post on crypto tax India on X, “Breaking: No mention of Crypto or VDA Tax in the Budget Session by Finance Minister. Crypto tax remains Unchanged.”

Crypto Tax in India: Union Budget 2025

As per the latest Indian crypto news, the finance minister has suggested defining the ‘virtual digital asset’ as undisclosed income in order to strengthen cryptocurrency regulations in the country. Crypto assets will hence be included in assessing undisclosed income from now onwards.

Crypto India: Crypto Tax & Reporting Changes in India's Finance Bill 2025

The latest updates in crypto news India and crypto tax are:

• Crypto is now officially recognized as a "virtual digital asset" in tax laws.

• Crypto holdings found during tax searches can be treated as hidden income starting February 2025.

• Starting April 2026, businesses must report crypto transactions to tax authorities, with a 30-day window to fix mistakes.

• The government will treat crypto like secret piggy banks—if you stash money in them, they’ll check where it came from to prevent misuse.

This also marks the latest step by the government to tighten oversight of cryptocurrencies, and is a step amid several reports of unregulated cryptocurrency being used to hide illegal transactions.

"It is proposed to add the term 'virtual digital asset' to the said definition of undisclosed income of the block period," the tax Budget document said. "The time-limit for completion of block assessment is proposed to be made as twelve months from end of the quarter in which the last of the authorisations for search or requisition has been executed," the crypto budget added.

This latest move has arrived two years after India imposed money laundering provisions on the cryptocurrency sector. Also, as per the Finance Ministry, anti-money laundering legislation has been applied to crypto trading, safekeeping and related financial services.

Ultimately, talking of Indian budget crypto, India has stringent tax rules on the crypto sector, that includes a levy on trading.