Indian crypto investors could face a 70% tax penalty

Quick Summary:

India’s New Crypto Tax Rules Bring Heavy Penalties India has begun strict new tax guidelines on the profits obtained from cryptocurrencies.

Undisclosed gains will attract up to 70% penalties.

This amendment is under Section 158B of the Income Tax Act as announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025.

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Article Details

Author / Journalist: Sneha Murali

Category: Crypto

Markets: United Arab EmiratesIndia

Topics: Tax Crypto Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 18:17:14 (15 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 350 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 25742861

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 26 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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