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BTCC / BTCC Square / Global Cryptocurrency /
India Crypto Tax Hits ₹700 Cr in 2 Years: Now Eyes 1% TDS Cut?

India Crypto Tax Hits ₹700 Cr in 2 Years: Now Eyes 1% TDS Cut?

Author:
Global Cryptocurrency
Published:
2025-07-22 19:41:02
12
3
BTCCSquare news:

India's cryptocurrency tax regime, initially met with skepticism, has proven resilient. Despite a 30% levy and 1% TDS, the sector has generated ₹700 crore in revenue over two years. Market participants now anticipate a potential reduction in the 1% withholding tax, which could further stimulate trading activity.

The robust collections underscore the enduring demand for digital assets in India, even under stringent fiscal policies. This development signals a maturing market that continues to adapt to regulatory frameworks while maintaining investor interest.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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