India wants 30% of your crypto gains, but that’s not the worst part
A 30% tax on crypto profits in India is only part of the story. Traders face even bigger hurdles under the current tax regime.
India’s Union Budget 2025 has made no changes in the existing tax rules for cryptocurrencies, maintaining the provisions of the Finance Act 2022 for virtual digital assets (VDAs) like Bitcoin (BTC) and Ether (ETH).
Under Section 115BBH of the Income Tax Act, profits from selling VDAs are taxed at a flat rate of 30%. You can deduct only the purchase cost, with no allowance for other expenses or losses.
Read more
