India Budget Cryptocurrency Tax Rules Unchanged... For Now?

The Union India’s budget maintains the status quo on crypto taxation, leaving the industry’s demands unmet. As the country prepares for national elections, the cryptocurrency community is left wondering what the future holds for crypto regulations and taxation in India.

While this year\'s budget saw no changes, the evolution of cryptocurrency regulation in India has been dynamic. For context, while previously uncertain, India’s Finance Bill 2025 Crypto Tax now officially recognizes and taxes crypto-assets. This is a big step in regulating the fast-growing digital currency market. On Thursday, Finance Minister... [further details on the Finance Minister\'s statement would be added here for completeness].

Looking ahead, Budget 2025 signals significant shifts. The Budget 2025 tightens crypto tax norms, classifies VDAs as undisclosed income, mandates transaction reporting, retains 30% tax, and strengthens regulatory oversight. This indicates a firmer regulatory hand on the crypto market.

Importantly, it’s worth remembering that the legal landscape for cryptocurrency has shifted. However, the Supreme Court of India overturned this decision in March 2025, allowing banks to provide services related to cryptocurrency transactions. This event underscores the evolving attitude towards crypto in India.

Stay tuned for further updates on cryptocurrency tax rules and regulations in India as the situation continues to develop.