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Crypto Taxation: What You Need to Know for 2025
Flat 30% Tax on Profits:
Crypto profits are taxed at a flat 30% rate, with no deductions allowed except for the cost of acquisition
Flat 30% Tax on Profits: Crypto profits are taxed at a flat 30% rate, with no deductions allowed except for the cost of acquisition
1% TDS on Transfers: A 1% Tax Deducted at Source (TDS) applies to all crypto transfers exceeding ₹10,000 in a financial year
Losses Cannot Be Offset: Losses from crypto transactions cannot be set off against other income or carried forward to future financial years
Gifting Crypto Is Taxable: Crypto received as a gift is taxable as income under “Income from Other Sources,” except when received from specified relatives
Disclosure in ITR Is Mandatory: All crypto holdings and transactions must be declared in the Income Tax Return, including foreign virtual assets if applicable