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India’s Crypto TDS Collection Hits ₹1,100 Crore Amid Regulatory Scrutiny

India’s Crypto TDS Collection Hits ₹1,100 Crore Amid Regulatory Scrutiny

Author:

Global Cryptocurrency

Published:

2025-12-11 13:43:02

17

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BTCCSquare news:

India's cryptocurrency market demonstrates resilience as tax data reveals ₹1,096 crore collected under Section 194S between FY23–25. The 1% TDS mandate, implemented in 2022, has become an effective tool for tracking VDA transactions across domestic and international platforms serving Indian users.

Maharashtra emerges as the epicenter of crypto activity, contributing 60% of total TDS collections. This geographic concentration suggests institutional or high-net-worth participation in major financial hubs like Mumbai.

Regulatory oversight intensifies as authorities uncover ₹1,000+ crore in undeclared crypto income. The compliance crackdown coincides with sustained trading volumes despite the tax burden—a testament to crypto's entrenched position in India's financial ecosystem.

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