As Budget 2026 approaches, India’s cryptocurrency ecosystem is increasingly vocal about the need for a pragmatic overhaul of the existing tax framework. Introduced during a period of regulatory caution, the current regime—marked by high transaction taxes and limited loss set-offs—has constrained market participation and pushed activity offshore. Industry stakeholders argue that a calibrated approach could… Continue reading Budget 2026: A Moment of Reckoning for India’s Cryptocurrency Tax Policy
Tag: Tax
Tax Authorities Reinforce Central Bank Warnings as India Hardens Its Stance on Cryptocurrencies
India’s income tax department has reiterated concerns long expressed by the Reserve Bank over the growing influence of cryptocurrencies, underscoring risks tied to tax compliance, financial transparency, and systemic stability. The convergence of views between fiscal authorities and the central bank reflects a more unified institutional outlook on digital assets. Officials have flagged challenges in… Continue reading Tax Authorities Reinforce Central Bank Warnings as India Hardens Its Stance on Cryptocurrencies
Tax Authorities Raise Red Flags on Cryptocurrency, Advise Caution on Wider Adoption
India’s income tax authorities have expressed serious concerns over cryptocurrencies, warning policymakers about potential risks linked to financial transparency, tax compliance, and capital flight. In internal assessments, the department has reportedly opposed the wider entry of crypto assets into the formal financial system, citing challenges in tracking transactions and enforcing existing tax laws. The stance… Continue reading Tax Authorities Raise Red Flags on Cryptocurrency, Advise Caution on Wider Adoption
India’s Tax Authorities Align With Central Bank in Raising Fresh Concerns Over Cryptocurrencies
India’s income tax department has reinforced concerns raised earlier by the Reserve Bank regarding cryptocurrencies, highlighting risks related to financial stability, tax compliance, and regulatory oversight. The alignment between fiscal authorities and the central bank signals a hardened stance on the unchecked growth of digital assets. Officials have cautioned that crypto transactions pose challenges in… Continue reading India’s Tax Authorities Align With Central Bank in Raising Fresh Concerns Over Cryptocurrencies
Crypto Taxation in India 2026: A Clear Guide to Rules, Rates, and Compliance
India’s cryptocurrency tax framework has moved from ambiguity to strict enforcement, making compliance non-negotiable for investors and traders in 2026. Digital assets are now firmly classified under virtual digital assets, attracting a flat tax rate, mandatory transaction deductions, and limited loss adjustments. Whether trading Bitcoin, NFTs, or other tokens, individuals and businesses must navigate precise… Continue reading Crypto Taxation in India 2026: A Clear Guide to Rules, Rates, and Compliance
Crypto Gains Fuel Tax Revenue Boom: Maharashtra Leads with Rs. 293 Crore in TDS from Virtual Asset Trades
India’s burgeoning cryptocurrency market is beginning to make a measurable impact on the nation’s tax coffers, with data for the financial year 2024–25 showing robust growth in tax deducted at source (TDS) on virtual digital asset transactions. According to finance ministry records presented in Parliament, crypto exchanges across the country collected a total of nearly… Continue reading Crypto Gains Fuel Tax Revenue Boom: Maharashtra Leads with Rs. 293 Crore in TDS from Virtual Asset Trades
Global Tax Regimes Tighten Grip on Cryptocurrency as New Zealand Trades Draw Scrutiny
Governments worldwide are accelerating efforts to bring cryptocurrency transactions under stricter tax oversight, signaling a decisive shift in how digital assets will be monitored and regulated. New Zealand, where crypto trades reportedly amount to billions, is among the jurisdictions preparing for intensified compliance enforcement. Authorities aim to close long-standing reporting gaps, ensure transparency and address… Continue reading Global Tax Regimes Tighten Grip on Cryptocurrency as New Zealand Trades Draw Scrutiny
Crypto Steps Into the Mainstream: U.S. Explores Allowing Tax Payments in Bitcoin
The U.S. may be on the verge of a significant policy shift as lawmakers and state authorities consider allowing citizens to pay taxes using Bitcoin. The proposal reflects a broader push to modernize public financial infrastructure and integrate digital assets into regulated systems. While supporters argue that crypto-based tax payments could increase efficiency, expand financial… Continue reading Crypto Steps Into the Mainstream: U.S. Explores Allowing Tax Payments in Bitcoin
India’s Cryptocurrency Conundrum: Taxed Yet Unregulated Amid Legal Uncertainty
India’s cryptocurrency sector faces a paradoxical environment: while digital assets are subject to taxation, they remain largely unregulated, creating a legal vacuum that challenges investors, exchanges, and policymakers alike. The government imposes a 30% tax on crypto gains alongside a 1% transaction levy, yet comprehensive regulatory guidelines addressing trading, custody, and fraud prevention are still… Continue reading India’s Cryptocurrency Conundrum: Taxed Yet Unregulated Amid Legal Uncertainty
India Expands Investigation into Unreported Crypto Income on Binance
Indian tax authorities have intensified their scrutiny of cryptocurrency holdings, expanding investigations into unreported income on Binance, one of the world’s largest digital asset exchanges. The probe targets individuals and entities suspected of evading taxes through undeclared crypto trades, reflecting the government’s broader effort to regulate the fast-growing digital asset sector. Analysts highlight that the… Continue reading India Expands Investigation into Unreported Crypto Income on Binance