Budget 2025: There is no relief for encryption investors, new compliance requirements have been submitted

Union 2025 budget The current tax rules kept the virtual digital assets (VDAS) unchanged, despite the repeated calls of Coded The reform industry.

Finance Minister Nermalla Sitramman has not announced any reviews of 1 % TD (its discount tax) on encryption transactions or restrictions on compensation for losses. Industry experts believe that these policies are still an obstacle to investors and traders.

“While organizational clarity is still, the lack of reviews-especially on 1 % TD and the inability to compensate for losses-put challenges for investors, traders and industry,” said Edol Patel, CEO and co-founder of Mudrex.

India has a high level of dependence on base encryption, but heavy taxes have prompted many merchants to external stock exchanges. Patel added that reducing TDS to 0.01 % and allowing to displace the loss can help the sector to grow sustainable and encourage innovation.The main amendment to the financing bill suggests that the entities that deal with encryption assets must provide treatment details to the government. The VDAS definition will also be updated accordingly. In addition, VDAS will now be included in the definition of “undeclared income”, and investigations will be completed in hidden assets within 12 months.

Industry reaction

Thangapandi Durai, CEO of Koinpark, pointed out the need for clearer tax regulations. “The absence of clarity on the encryption tax is still a source of concern for the sector, which will benefit from clearer organizational guidelines. The success of these initiatives depends on effective implementation and follow -up in the coming months.”

Avenash Sheikhd, co -founder and CEO of Pi42, also expressed their concerns that there is no direction in the VDA regulations. “With no clear organizational trend, the country still loses great technical talents for more encryption countries such as Singapore and Dubai. A 30 % tax on closing profits and 1 % TD on transactions causes Indian investors to miss opportunities to expand quickly in the encryption market Global.

Ashish Cenical, co -founder of Coinswitch and Lemonn, noted that although the budget did not bring tax exemption, the inclusion of VDA governance in the financing bill is a step towards better regulation. “It reflects the adoption of the growing digital assets and recognizes its impact on the economy.”

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