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India Budget 2025: What's In For The Crypto Market In Latest Union Budget?

Summary by Coingape

India Budget 2025 (February 1): The latest Union Budget revealed by India’s Finance Minister Nirmala Sitharaman has sparked a buzz across the crypto market. Although there were no announcements on the ease of tax policies around cryptocurrencies, the FM suggested that the term “virtual digital asset” (VDA) be included under defining undisclosed income. This saga has sparked nationwide speculations of a clearer stance on VDA to be revealed in the…

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CryptoInfonet

Centre Reveals Crypto Regulation And Tax Plans For Budget 2025 In Stock Market Update - CryptoInfoNet

The Union Budget 2025-26 did not bring any major relief for cryptocurrency investors, maintaining the 30% tax on crypto gains and the 1% TDS on transactions. However, Finance Minister Nirmala Sitharaman proposed a change to the Income Tax Act, requiring a designated reporting entity to disclose transaction details related to virtual digital assets (VDAs). “It is proposed to amend the Income Tax Act to require a specified reporting entity to prov…

22 days ago

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Crypto News Wire - Latest Crypto News And Analysis

Budget 2025: Here’s what centre announced on crypto regulations and tax

The Union Budget 2025-26 did not introduce any significant relief for cryptocurrency investors, maintaining the 30 per cent tax on crypto gains and the 1 per cent TDS on transactions. However, Finance Minister Nirmala Sitharaman proposed an amendment to the Income Tax Act, mandating that a designated reporting entity disclose transaction details related to virtual digital assets (VDAs). “It is proposed to bring amendment in the Income Tax Act t…

22 days ago

Read Full Article