Crypto Taxation
- Finance Act 2022 introduced two rules:
• 1% TDS on transfers of Virtual Digital Assets (VDAs) including cryptocurrency.
• 30% flat tax on crypto gains (only cost of acquisition allowed; surcharge + 4% cess apply). - TDS collected by Government:
• 2022–23: ₹221.3 cr → transactions ₹22,130 cr.
• 2023–24: ₹362.7 cr → transactions ₹36,270 cr.
• 2024–25: ₹511.8 cr → transactions ₹51,180 cr (41% growth).
Overall:
• Crypto transactions in 2024–25 crossed ₹51,000 cr.



